Drill, baby, drill? Not so fast, say crash-wary energy investors
Payne Institute Director Morgan Bazilian contributes to this article about how Republican lawmakers say Biden administration policies hinder production, but market experts point instead to a number of non-regulatory factors. High oil prices are hammering American consumers at the pump, but don’t assume they will prompt a boom in U.S. oil production this year. While Republican lawmakers and some industry advocates have argued that Biden administration policies are hindering production, market experts point instead to a number of nonregulatory factors preventing the industry from rushing into drill-baby-drill mode. March 15, 2022.