Economics
Biden Is Walking a Tightrope as the World Clamors for US Oil and Gas
High prices pose a political risk at home, but allies abroad are desperate for aid.
Senator Dan Sullivan (R-Alaska) at a press conference about high consumer gas prices.
Photographer: Elizabeth Frantz/ReutersThis article is for subscribers only.
The message from President Joe Biden’s administration to oil executives was familiar, but the tone was more urgent than ever.
Help us protect consumers at home by sending less American-made fuel overseas and boosting stockpiles, US officials pleaded during a virtual meeting in late September, one in a series of similar gatherings held this year with companies including Exxon Mobil Corp. and Marathon Petroleum Corp. Yet again, industry leaders didn’t budge.