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Biden Energy Agenda on Collision Course with Reality, Shale Banker Says Consumers “don’t want to be paying” for the energy transition, says a top oil banker who thinks the Biden administration is only just beginning to come to grips with how difficult the politics of that transition will be in the U.S. Justin Jacobs, Financial Times Thu, 07/15/2021 - 12:00 PM The Biden administration has sent conflicting messages on energy as it tries to balance its climate agenda with the country’s oil dependence. (Source: Collage by Hart Energy; Image of President Joe Biden by BiksuTong / Shutterstock.com) One of Houston’s top oil bankers sees reality setting in for the Biden administration as its green push collides with the deep roots of America’s fossil fuel economy.

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