President Biden has not followed Europe’s calls to produce more renewable energy to weaken Russia’s global influence.
Republicans are calling for more oil drilling. Europe says it’s doubling down on clean energy. But as the Russian invasion of Ukraine continues into its second week, President Biden has stayed mum about how tectonic shifts in global markets should affect the future of U.S. energy.
But some Democrats are beginning to worry they’re losing control of an important narrative — one that encompasses inflation, jobs, national security and other important issues — in the lead-up to an already tough midterm election. Instead, Biden has argued that electric vehicles and renewable energy are key to U.S. power — against China. By contrast, he has not argued that the United States should decarbonize to marginalize Russia.“The crisis has revealed some new economic and geopolitical opportunities that the Democrats, in particular, have yet to capitalize on,” said Paul Bledsoe, a former climate official in the Clinton White House. “But I think they will.
The Biden administration agrees on the substance of that position. In January, Biden released a joint statement with the European Commission president pledging close cooperation on clean energy as a long-term security strategy. But turning a conversation about Ukrainian sovereignty into one about clean energy, Freed said, might strike people as a “bank shot.”Into that political vacuum have stepped those who say the best way to ensure stable energy prices is to step up U.S. drilling, which still remains below pre-pandemic production levels.
The Biden administration might say it’s doing everything possible to lower gas prices, but Democrats’ policies are clearly discouraging investments in oil and gas, said Frank Macchiarola, senior vice president at the American Petroleum Institute.
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