Liam Denning, Columnist

Biden and Frackers Could Be Uneasy Wartime Allies

Both sides should stop misplaced finger-pointing and compromise to achieve some worthwhile energy goals.

March 11, 2022 at 11:00 AM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Drill-baby-but-then-not-drill lacks a certain viral quality, especially with investors and employees.
Photographer: Nicholas Kamm/AFP/Getty Images

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I wasn’t expecting the U.S. to declare war at a conference in Houston, and I certainly wasn’t expecting it to be announced by the energy secretary. But we live in interesting times.

“We are on a war footing,” Energy Secretary Jennifer Granholm informed CERAWeek’s attendees on Wednesday. I suppose we are: How else to describe the financial barrage unleashed in response to Russia’s brutal attack on Ukraine? War usually involves mobilizing every available resource in a united effort. Which brings us to oil and Granholm’s speech.