The U.S. Bans Russian Oil. Big Energy Shrugs.
Payne Institute Director Morgan Bazilian contributes to this article about how at a major annual fossil fuel conference in Houston, the price spike caused by Putin’s invasion of Ukraine has buoyed an industry facing an existential crisis. If news of the oil ban landed lightly at the fortieth annual CERAWeek (both the U.S. and the U.K. get relatively little oil from Russia), it’s only because of how much has recently changed for the industry. March 9, 2022.