The Biden Administration is struggling to walk the line between its ambitious green energy plans and the reality that the world still runs on oil and gas. The energy crisis in Europe showed that oil and gas would continue to play a crucial role in meeting the growing global energy demand. The American oil industry is also frustrated with the Biden Administration’s neglect and proposed policies. U.S. President Joe Biden started his term in office at the beginning of 2021 by canceling the presidential permit for the Keystone XL oil pipeline, clearly stating his goal to promote clean energy solutions at the expense of oil and gas. By the autumn of 2021, the Biden Administration was already calling on the OPEC+ group to produce more oil than planned to help American households see some relief at the pump, where gasoline prices shot up to a seven-year high. The apparent […]