'This crisis will accelerate the energy transition'

A natural gas flare burns behind an operational pumpjack last year in Penwell, Texas. | Eli Hartman/Odessa American via AP

By Ben Lefebvre

03/09/2022 10:36 AM EST

Updated: 03/09/2022 10:33 AM EST

The U.S. oil industry is on an upswing, buoyed by the surge in gasoline prices to a record $4.25 a gallon Wednesday, sky-high crude oil prices and even some begrudging praise from President Joe Biden as he announced a ban on Russian energy imports.

But the rally-around-the-rig sentiment in the U.S. from the energy crisis caused by Russia’s invasion of Ukraine may not last long, and experts

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