YGRN - White House shale industry point fingers over oil crisis

Calling the sanction "another powerful blow to Putin's war machine," President Biden has announced a U.S. ban on Russian oil imports, as well as natural gas and other energy sources. About 8% of American imports of oil and refined products, or about 672K barrels a day, came from Russia last year, according to the Energy Information Administration. Crude continues to soar on the news, while the national average for a gallon of gas has hit $4.25 per gallon, up from $3.65 only a week ago. CERAWeek: Down at the energy conference in Houston, Texas, Amos Hochstein, the state department's advisor for energy security, said claims that White House policies are holding back drilling are "nonsense," blaming those on Wall Street who are "insisting on dividends and fiscal discipline in the face of a war in Europe." The administration is now telling U.S. shale producers they should do "whatever it takes"

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White House, shale industry point fingers over oil crisis