In 2020, Joe Biden promised to move the U.S. away from fossil fuels. But the Biden administration has a complicated relationship with the oil and gas industry.
It has moved forward on plans to drill federally owned lands, auctioned off 73 million acres in the Gulf of Mexico, and approved the controversial Willow project in Alaska.
The Biden White House's testy relationship with the fossil fuel industry has grown even more complicated as the US Sanctions on Russia began which cut global energy supplies and sent crude oil and natural gas prices skyrocketing.
Biden, who campaigned on a promise to reduce dependence on fossil fuels linked to climate change, is leaning on the industry to curb inflation.
Oil and gas companies are reaping higher profits than they have in decades and mostly returning that windfall to shareholders in the form of buybacks.
No, Yes then Yes.... Damn if you do, damn if you don't
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