Biden Wants More Oil and Gas Today, But Not Tomorrow

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  • The big question in recent months has been whether rising oil and gas prices would throw governments off their energy transition paths.
  • The US, for one, now has its answer — and has entered the Glasgow climate talks embracing a two-track energy policy.
  • Washington is openly advocating for more oil supply in the short term, while still aggressively pursuing diversification from fossil fuels in the medium term.

The Issue

Policy and Regulation, Low-Carbon Policy, Macroeconomics
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