Letter from the US: Granholm treads the centre ground… for now
The energy secretary nominee’s rhetoric is thus far placatory. But her record suggests the oil and gas industry should buckle up
Fossil fuels will remain a key component of the US economy even as it transitions to a greener future. Thus President Joe Biden’s nomination for energy secretary, former Michigan governor Jennifer Granholm, told her confirmation hearing. But previous form suggests the latter aim will take greater priority over the former. “If we're going to get to net carbon zero emissions by 2050, we cannot do it without coal, oil and gas being part of the mix,” says Granholm. Against that, on the campaign trail, Biden advanced a $2tn promise to achieve net-zero emissions from the power grid by 2035 and for the economy as a whole by 2050. That ambitious spending plan has raised eyebrows. But Biden’s top cli
Also in this section
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis






