Calls for US to ramp up oil drilling amplified after ban on Russian energy | Video
03:00 Min
The Biden administration’s ban on Russian energy has amplified calls for America to ramp up drilling. But with petrol prices hovering near an all-time high, domestic oil production is essentially flat as producers wrestle with a labour shortage, shareholder pressure to pay out dividends and the threat of phasing down fossil fuels. Toni Waterman reports.
27 May 2022 02:18pm
The Biden administration’s ban on Russian energy has amplified calls for America to ramp up drilling. But with petrol prices hovering near an all-time high, domestic oil production is essentially flat as producers wrestle with a labour shortage, shareholder pressure to pay out dividends and the threat of phasing down fossil fuels. Toni Waterman reports.
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