Gas and Oil Production That is Domestically Expanded is What U.S Can ‘Counter to Russia’s Influence’ : American Petroleum Institute
Mike Sommers argued on Wednesday that American energy producers “are patriots”. He is the American Petroleum Institute (API) president and CEO. Above all, the energy producers are supplying the world with natural gas and oil “during this time of crisis”. Therefore, how will the domestic gas and oil production of the U.S counter Russia’s influence?
In a statement released by API on Wednesday U.S will ban imports of Russian crude. This includes natural gas and coal. It is in response to the country’s invasion of Ukraine. The national trade association said, “We share the goal of reducing reliance on foreign energy sources and urge policymakers to advance American energy leadership and expand domestic production to counter Russia’s influence in global energy markets”.
For instance, the statement also noted that prior to Biden’s announcement, the industry has already taken significant and meaningful steps to unwind relationships. This is both with respect to assets in Russia as well as imports of Russian crude oil and refined products.”
Speaking with “Mornings with Maria” on Wednesday, Sommers stressed that the American oil and gas industry is stepping up amid a “crisis moment for the world.”
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Source: Fox Business
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