While U.S. oil and gas firms are expected to raise their capital spending in 2022, constrained funding could put a cap on their ambitions. Low capital funding availability poses a significant threat to consumers already struggling with soaring oil and gas prices. Some said Wall Street’s ESG trend is to blame for restrained capital, while others laid the blame squarely on the Biden Administration. Most U.S. oil and gas firms expect to raise their capital expenditures next year, as analysts have largely forecast in recent months. Yet, capital available to the industry is constantly shrinking as banks continue to shun the sector due to ESG pressures and as the Biden Administration, with its green agenda and anti-oil policies, is discouraging many in the shale patch from boosting capital budgets beyond the bare minimum. These were some of the comments and views expressed in the Dallas Fed Energy Survey for […]