The sun sets behind an idle pump jack near Karnes City, Texas, on April 8, 2020. In the US, the Biden administration has adopted an “all-of-government” approach to hobble domestic oil and gas production and fight climate change. Photo: AP
Opinion
Opinion
The View
As US and Europe push climate policies, Middle East and Russian state oil producers stand to benefit
- In the long term, US and EU green policies to reduce fossil fuel investments will increase the market share of Middle Eastern and Russian oil and gas producers
- Global demand for fossil fuels shows no sign of slowing as developing countries aim to grow rapidly to meet the aspirations of their citizens
The sun sets behind an idle pump jack near Karnes City, Texas, on April 8, 2020. In the US, the Biden administration has adopted an “all-of-government” approach to hobble domestic oil and gas production and fight climate change. Photo: AP
