Biden’s New Energy Strategy: Drill, Baby, Drill

In her call to U.S. oil producers to increase output immediately, Energy Secretary Jennifer Granholm indicated that the Biden administration would seek to minimize the obstacles, saying permitting was “on the table.”

Derek Brower, Financial Times
Biden’s New Energy Strategy: Drill, Baby, drill

During her speech at CERAWeek in Houston on March 9, Granholm also called on investors to begin supporting the oil industry in a new supply push. (Source: Hart Energy)

Jennifer Granholm, U.S. energy secretary, told oil executives in Houston on March 9 that the country was now on a “war footing”, as she called for an immediate increase in oil production to avert a price spike.

“We are on a war footing. We are in an emergency,” she said at the CERAWeek conference by S&P Global. “That means releases from the strategic reserves across the world, as we have done. That means you producing more right now, where and if you can.”

The comments mark a huge shift in tone from an administration that had previously made climate policy the cornerstone of its energy strategy.

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