Active pump jacks increase pressure to draw oil toward the surface, February 2022. (Getty/Robyn Beck/AFP) Vladimir Putin’s unjustified attack on Ukraine has upended the global fossil fuel market. The United States and its allies have responded with devastating sanctions, including a recent action from President Joe Biden to ban Russian oil, natural gas, and coal imports to the United States. Because international energy markets have been tied to fossil fuels for decades, this ban could result in higher gas prices for American households and supply disruptions for our European allies. The solution to this price crunch is a swift […]
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