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.
“But the administration may have little direct influence since the market for natural gas responds mostly to prices, observers say. There are long-term policy changes by the U.S. and its allies,however, that could reduce Russia’s influence over Europe, which is already grappling with a severe energy crisis, they say.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
