Biden torn in competing directions on Russian energy
, with the support of 16 other senators representing both Democrats and Republicans. Sen. John Cornyn, R-Texas, and Angus King, I-Maine, announced Friday they were introducing a bill ordering the State Department to report within 90 days its plans to counter Russian President Vladimir Putin’s efforts to “weaponize Russia’s energy sector, threatening global energy security and economic stability.”
So far, Biden has resisted calls for cutting of imports and imposing sanctions on the Russian oil and gas industry, choosing instead to use the Strategic Petroleum Reserve to counter rising prices. On Tuesdayto release 60 million barrels of crude onto the world market — 30 million barrels from U.S. reserves.
In a call with reporters Thursday, the American Petroleum Institute called for the Biden administration to speed up permitting for drilling in federal lands and waters as well as new liquefied natural gas export facilities. Both drilling and LNG permits have become bogged down in the debate over their contributions to climate change.
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