Energy Secretary Jennifer Granholm notes the importance of U.S. oil and gas independence, but maintains the Biden administration won't change policies and regulations related to the industry.
American Petroleum Institute Senior Vice President Frank Macchiarola argues the Biden administration needs to end restrictions on U.S. oil production.
"If the administration really wants to be strategic here, they'll promote the production of oil and gas in the United States through development on federal lands and waters. They'll stop restricting access to pipeline infrastructure. They'll cancel these proposals to increase taxes on American producers," Macchiarola noted. "Those are the things that are going to provide relief for Americans at the pump.
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