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Two things to start:
In case you missed it, check out Myles’s story on how shortages of everything from roughnecks to fracking sand is derailing any hope that a quick surge in US oil output will ease soaring fuel prices.
And we dig into the breakthrough US-EU LNG deal to wean Europe off Russian natural gas.
Welcome back to another Energy Source!
In today’s issue, Myles sits down (virtually) with the head of the US Environmental Protection Agency, Michael Regan, who discussed Joe Biden’s sudden push for more oil, the disappointingly slow pace of the shift to cleaner fuels and his view on a big Supreme Court case that threatens to defang his department. I look at the implications of last week’s US-EU LNG deal for the US’s gas industry in our second note. Is it poised for a new golden age of growth? And Amanda has…