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‘Hostile’ Biden administration will disturb gas prices: Ex-Shell Oil president

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Previous Shell Oil President John Hofmeister says the Biden management's time out in oil and also gas leasing on federal lands will create a 'psychology' in the market that there will certainly be less readily available.

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‘Hostile’ Biden administration will disturb gas prices: Ex-Shell Oil president

Former Shell Oil President John Hofmeister argues the Biden administration’s pause in oil and gas leasing on federal lands will create a ‘psychology’ in the industry that there will be less available.

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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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