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Biden is blamed for downturn in new oil drilling, but fossil fuel companies are the ones hitting pause

CNN · Ella Nilsen · last updated

Recent attempts to open new parts of the US to drilling have failed mainly because of the lack of interest from oil companies themselves, rather than Biden’s “green” policies.

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Related Knowledge Center: Energy security and pricing

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The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.

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