U.S. policies aimed at restricting the domestic production and delivery of oil and natural gas within the Biden administration’s first year are putting upward pressure on energy prices that could have dire results, warned Mike Sommers, president of the American Petroleum Institute (API).

“When policy signals prevent energy leadership here at home, there are going to be consequences,” Sommers said during his State of the American Energy address on Jan. 12.

In his annual address, Sommers noted the slew of policy changes implemented by the Biden administration within the past year that has restricted domestic output and led the country to seek relief at times from OPEC and elsewhere—ultimately undermining America’s energy independence. However, Sommers did express hope for more agreement than usual in policy debates this year, adding that American energy leadership solves so many problems that the nation faces including the energy transition.

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