Our world has changed a lot in the past few months. We are deeply troubled and saddened by the invasion of Ukraine. ConocoPhillips stands with others around the world in calling for peace and a diplomatic solution. We join with the international community in supporting the humanitarian organizations tirelessly working to help those directly impacted.
Russia’s invasion of Ukraine is reminding the world of American energy’s critical role in global stability. The ban on the import of Russian oil, liquefied natural gas and coal to the United States reinforces this message. While this move is intended to deprive Russia of critical economic resources, it also underscores the critical need for American domestic energy production to fill the supply gap.
Our nation is the global leader in natural gas and oil production by a wide margin. Though Russia provided roughly 8% of U.S. total petroleum (including crude oil) imports in 2021 according to the Energy Information Administration, this number by no means represents an insurmountable deficit. In fact, the White House noted in its official statement on the Russian import ban that the United States can take the important step of banning Russian imports because of our strong domestic energy production and infrastructure – a fortunate position not shared by many of our allies. Our ability to use our own resources to provide Americans with abundant, affordable, reliable energy sets our nation apart. Our resources can provide energy to our allies in Europe and around the world during the current crisis.
We believe we can protect energy security by responsibly producing domestic resources that meet our rigorous environmental standards. American energy is essential to our economic and social stability. From supply chain shortages that challenge our industries and infrastructure, to rising costs for food and home goods, to the price of a gallon of gasoline — America’s success is tied to the cost and availability of energy.
We are committed to working to ensure U.S. and global energy security is a top priority for policymakers, and we need your help. As advocates for the responsible production of American natural gas and oil, it’s imperative that we aim to elect representatives who recognize that energy security affects almost every aspect of our daily lives, and the current situation demands foresight, investment and policy support to protect energy security in the U.S. and around the world.
As midterm elections approach, energy security will be on the ballot. Please vote and consider joining me in casting your vote for the responsible and safe production of domestic energy resources. If you need more information about voter registration or voting dates and locations, visit the Power in Cooperation Vote 2022 webpage.