Biden Is Walking a Tightrope as the World Clamors for US Oil and Gas [View all]
It’s a delicate balance. As one of the world’s top producers of oil and natural gas, the US is facing calls from its allies in Europe and around the globe to help ease an energy crisis inflamed by Russia’s invasion of Ukraine. But with just weeks to go before the midterm elections, it’s also under pressure to help Americans hit by price gains for everything from gasoline to food.
The Biden administration is “being very careful to reassure European allies that we are going to continue supplying energy,” says Kevin Book, managing director of research firm ClearView Energy Partners LLC. “They’re also being very careful not to make it seem like American energy is going to other countries” and to prove they’re shielding US consumers. https://www.bloomberg.com/news/articles/2022-10-12/biden-walks-fine-line-to-keep-gas-prices-low-before-midterms
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