Ukraine War Brings Fossil Fuel Use Into Focus

President Biden initially aimed to reduce fossil fuel use, promising job creation and economic growth. However, global economic recovery and the Ukraine war caused oil and gas prices to surge. In response, Biden released oil from the Strategic Petroleum Reserve. Despite setbacks, industry leaders like Mark Cutifani believe the transition to renewable energy will resume strongly after a short delay.

What was one of the main goals President Biden aimed to achieve by reducing fossil fuel usage?

• Reduce economic growth

• Increase the use of coal

• Create millions of jobs

• Decrease the standard of living

What major global event contributed to the rise in oil and gas prices?

• The war in Ukraine

• The COVID-19 pandemic

• The Brexit deal

• The Paris Agreement

What action did President Biden take to address the rising oil prices?

• Increased taxes on oil companies

• Released oil from the Strategic Petroleum Reserve

• Subsidized electric vehicles

• Banned oil imports

According to Mark Cutifani, how will the transition to renewable energy be affected in the short term?

• It will accelerate rapidly

• It will stall temporarily

• It will have no impact

• It will be abandoned

What is the long-term outlook for renewable energy strategies according to the energy industry participant?

• They will be replaced by fossil fuels

• They will be abandoned

• They will face permanent setbacks

• They will be pursued vigorously