API's Sommers: Multiple factors driving energy prices

2022-01-13

The Biden administration's anti-fossil fuel agenda, coupled with "pandemic impacts, inflation and other volatility," are lifting energy prices and threatening to increase the nation's dependence on foreign energy supplies, said American Petroleum Institute President and CEO Mike Sommers at the group's annual State of American Energy event. Sommers warned that a methane fee included in Build Back Better legislation "will blow through to American consumers" and reiterated the group's support for direct regulation of methane.

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