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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.

Calls for US to ramp up oil drilling amplified after ban on Russian energy | Video

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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