Republicans urge U.S. oil and gas 'stability' as answer to Russia, other security threats

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Republicans urge U.S. oil and gas 'stability' as answer to Russia, other security threats
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In a letter to President Biden sent Wednesday, every Republican member of the Senate Committee on Energy and Natural Resources, led by ranking member Sen. John Barrasso of Wyoming, urged the administration to rehink U.S. energy.

The Biden administration is treading carefully around oil and gas issues as fuel prices — particularly at the gasoline pump — shoot higher and inflation hits several pockets of the economy simultaneously.

Russia is a chief global provider of natural gas in particular, including supplying some 40% of the European Union’s gas. But its military action prompted Germany to make a big move for its own liquefied natural gas. Department of Energy data shows that in 2021, the U.S. imported 245 million barrels of crude oil and related petroleum products from Russia. This equates to nearly 672,000 barrels per day — an all-time record and a 79% increase from just four years ago.

Sommers warned against “unwarranted delays in federal permitting and leasing of American energy,” although the Biden administration told Bloomberg TV this week that the industry should take advantage of some 9,000 unused drilling permits it already has. “We need a more balanced conversation about how to have smart policies on climate while promoting energy resilience and national security. We must be able to do both,” the Chamber said.

Related: ‘Want to stop making Putin rich… renewables is the answer’: Does the Russia-Ukraine crisis speed up or slow Europe’s green energy push? The U.N.’s Intergovernmental Panel on Climate Change on Monday issued the second of three multiyear reports, this one focused not on how countries and cities can cut emissions in the future, but on short-term crises around the world. And it called out the oil and gas industries in particular.

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