Republican elected officials across the U.S. are criticizing President Joe Biden over his energy policies and want to ramp up domestic production as a way to help wean the nation and its allies off oil from Russia
past $110 per barrel on Wednesday, the biggest single-day jump since May 2020 and the highest price since 2014. Brent crude, the international standard, surged 7.1% to $104.97.The crisis in Ukraine prompted an extraordinary meeting on Tuesday of the International Energy Agency’s board, which resulted in allto release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies won’t fall short.
Natural gas production grew 2% in 2021, Biden’s first year in office, compared to the previous year, when Republican Donald Trump was in office. Exports of liquefied natural gas grew 42% in the first six months of 2021, compared to the same timeframe the year before, according to the U.S. Energy Information Administration. In late January of this year, oil production was up slightly compared to the same time a year ago.The reasons vary.
On Monday, 25 state attorneys general, led by Louisiana Attorney General Jeff Landry, wrote a letter opposing the Biden administration's proposed rule to ban the transport of liquified natural gas by rail care in the U.S. The letter also criticized Biden's order to pause new oil and natural gas leases on public land or in offshore waters.
New Mexico state Sen. Gay Kernan, a Republican and the daughter of an oil producer, said the Biden administration’s policies are restricting new oilfield investments even if current production is robust.
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