U.S. Secretary of Energy Jennifer Granholm recently met with other world leaders to discuss how best to handle the energy issues now that Russia has invaded Ukraine.
"Today I met with @barbarapompili, @therealhabeck, @KwasiKwarteng and KadriSimson to discuss the importance of close cooperation and our common interest in a secure global energy market," Granholm tweeted. "Deputy Secretary Turk and I look forward to continued coordination in the coming days with major energy producers and consumers. We will continue working together arm-in-arm with our allies and partners in the face of this challenge, and we stand with the people of Ukraine."
Less than a year ago oil was hovering around $60 a barrel. It is currently over $90 a barrel with fears that it could go higher, according to CNBC.
"As a net exporter of oil and natural gas, and a leader in clean energy, we can help our allies and protect democracy globally while taking care of the American people. And we will do both," Granholm tweeted.
Germany has suspended the Nord Stream 2 pipeline that was set to supply its county with gas from Russia. President Joe Biden has been long opposed to the project, according to MSN.
"Today, I have directed my administration to impose sanctions on Nord Stream 2 AG and its corporate officers," Biden wrote in a statement, according to MSN. "These steps are another piece of our initial tranche of sanctions in response to Russia's actions in Ukraine. As I have made clear, we will not hesitate to take further steps if Russia continues to escalate. Through his actions, President (Vladimir) Putin has provided the world with an overwhelming incentive to move away from Russian gas and to other forms of energy."
