This crisis will accelerate the energy transition. But surging energy prices could highlight industry weakness.
Payne Institute Director Morgan Bazilian contributes to this article written by Ben Lefebvre about how the U.S. oil industry is on an upswing, buoyed by the surge in gasoline prices to a record $4.25 a gallon Wednesday, sky-high crude oil prices and even some begrudging praise from President Joe Biden as he announced a ban on Russian energy imports. March 9, 2022.