US Energy Secretary Urges Oil and Gas Companies to Boost Production

U.S. Energy Secretary Jennifer Granholm acknowledged that it was hard to balance the need for more oil and gas with the importance of the energy transition amid global warming.

Ernest Scheyder and Sabrina Valle, Reuters
US Energy Secretary Urges Oil and Gas Companies to Boost Production

“We have to responsibly increase short-term supply where we can now to stabilize the market,” Granholm said on March 9. (Source: Shutterstock.com)

Any oil and gas companies that can increase supply should do so quickly due to the growing energy crisis following Russia’s invasion of Ukraine, U.S. Energy Secretary Jennifer Granholm said in Houston on March 9.

“In this moment of crisis we need more supply,” Granholm told attendees at the CERAWeek energy conference by S&P Global in Houston. “Right now, we need oil and gas production to rise to meet current demand.”

Granholm said President Joe Biden’s administration wants to act as a partner with the energy industry, which has complained about the White House's push to hasten the transition to a lower-carbon economy.

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