Carlos Anchondo and Mike Lee report for E&E News on why the Russia crisis matters for U.S. energy.
- The potential Russian invasion of Ukraine may have rippling impacts on America’s energy market.
- The Biden administration has been in talks with domestic suppliers and other allies to provide natural gas to Europe to ease the continent’s energy dependence on Russia.
- Doing so could would likely lead to increased American production of fossil fuels which could have positive impacts on our economy and energy prices.
- While these steps may temporarily ease tensions in Europe, the EU should look for more sustainable long-term options to secure energy.
Read the full article here.