US Faces 'Most Complex Energy Crisis' in 50 Years

The United States is experiencing the 'most complex energy crisis' in the last 50 years. This was stated by Tim Stewart, the head of the country's oil and gas industry association, in an interview with Fox News.

According to Stewart, the Biden administration has 'no strategy' to help the nation overcome the crisis of record-high gasoline and diesel fuel prices. 'We are in perhaps the most significant energy crisis of the last 50 years. As you noted, diesel and gasoline prices are at record highs, while reserves are at record lows. So what has the administration done this week? What has been their main announcement on this issue? It involved canceling millions of federal leasing contracts, which means burying billions of barrels of oil in the ground. That is truly disappointing. I mean, this administration has no strategy that would help us to get out of this situation,' he stated.