• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

2

Current price of oil as of June 16, 2026

3

Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI

1

'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

2

Current price of oil as of June 16, 2026

3

Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
PoliticsJoe Biden

Biden attacked for ‘living in a green hallucination’ after he claims U.S. will need oil ‘for at least another decade’

By
Matthew Daly
Matthew Daly
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Matthew Daly
Matthew Daly
and
The Associated Press
The Associated Press
Down Arrow Button Icon
February 9, 2023, 5:32 AM ET
President Joe Biden delivers the State of the Union address to a joint session of Congress at the U.S. Capitol, on Feb. 7, 2023, in Washington.
President Joe Biden delivers the State of the Union address to a joint session of Congress at the U.S. Capitol, on Feb. 7, 2023, in Washington. Patrick Semansky—AP
Add Fortune on Google for similar content.

President Joe Biden sparked a firestorm in energy circles when he said in Tuesday’s State of the Union address that the United States will need oil “for at least another decade.″

Republicans in the House chamber laughed in derision at Biden’s off-the-cuff remark, which was not in his scripted speech. GOP lawmakers accused the Democratic president of refusing to accept reality and “living in a green hallucination,” as Montana Sen. Steve Daines put it.

“President Biden implied tonight America would not produce oil beyond the next decade. If you believe that, you have missed a lot and live in a dream world. God help America,” Sen. Lindsey Graham, R-S.C., said in a tweet.

But environmentalists and some Democrats supported Biden, saying the U.S. needs a plan to wean itself off oil and other fossil fuels — the sooner, the better.

“I think the president is right,” said Collin Rees, a senior campaigner for the green group Oil Change International. “We can’t continue to pretend we’re reducing (greenhouse gas) emissions without addressing oil production, and that means phasing out fossil fuels.”

“If we’re going to save our future, we need a transition away from dirty, expensive and deadly fossil fuels, and we need to be speeding up — not slowing down,” added Sen. Ed Markey, D-Mass.

Biden made the comment as he touted a landmark law to slow climate change. The law he signed last year — supported only by Democrats — authorizes hundreds of billions of dollars to boost renewable energy such as wind and solar power and help consumers buy electric vehicles and energy-efficient appliances.

The law is a key part of Biden’s ambitious bid to cut planet-warming greenhouse gas emissions in half by 2030 and achieve net-zero emissions by 2050. Most experts say the net-zero goal is unlikely to be fully achieved even under the most optimistic scenarios.

Phasing out oil within a decade is virtually impossible, said energy analyst Kevin Book.

“I think the White House may want to workshop the ad-libs” before Biden speaks, Book joked Wednesday, adding that no serious analyst believes oil can be completely phased out in a matter of years.

“We rely on oil and gas for 85 to 90 percent of transportation energy,” he said. Electric vehicles, while growing in popularity, represent less than 6% of new U.S. car sales.

Even the U.S. government agrees that oil and gas will likely be needed for decades to come. The Energy Information Administration, a statistical and research arm of the Energy Department, projects that U.S. energy consumption will increase over the next 30 years as population and economic growth outpace energy efficiency gains.

Petroleum and natural gas are likely to remain the nation’s largest energy sources through 2050, the EIA said in a report last year, even as renewable energy such as wind and solar power are the fastest growing.

The White House said Biden’s comments were in line with statements he and other administration officials have made previously — namely that the U.S. is in the midst of an energy transition and will continue to need oil.

“Let’s be very clear that fossil fuels will remain in the mix of the energy system of the globe for years to come,” Energy Secretary Jennifer Granholm said in a 2022 remark cited by the White House.

Ironically, Biden’s comment came as he tried to reassure critics that he recognizes the need for continued oil production. “We’re still going to need oil and gas for a while,” Biden said, before adding the 10-year time frame in a later, ad-libbed remark.

After GOP lawmakers laughed, Biden quickly responded: “And beyond that. We’re going to need it.”

Biden’s message to the oil industry — “Stay in business, we need you today” — was the right one, “but his units were off,” Book said. “He was giving a 10-year life expectancy to 50-year assets.”

Mike Sommers, president of the American Petroleum Institute, said Biden “could have used his #SOTU address to unite America. Instead, he has again criticized American businesses that employ millions of Americans, pay taxes and provide energy for the world. U.S. oil and natural gas producers, transporters and refiners deserve better.”

Ben Jealous, executive director of the Sierra Club, said expanding oil and gas production and extending the life-span of fossil fuel infrastructure such as refineries “would only exacerbate the climate crisis while further padding the profits of the very same companies President Biden rightfully decried” in the State of the Union.

“What we need is doubling down on our investments to equitably transition off of the fuels of the past and to clean energy,” Jealous said.

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

About the Authors
By Matthew Daly
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Samuel-Bankman-Fried leaving a Manhattan federal court amid his bail conditions hearing in 2023.
CryptoSam Bankman-Fried
Sam Bankman-Fried’s pardon bid faces bipartisan pushback in Congress: ‘Keep him locked up’
By Camila Grigera NaónJune 17, 2026
3 hours ago
knicks
Arts & EntertainmentNew York City
The Knicks have won 3 NBA titles, but their first parade was held up for 55 years by a budget crisis and a rejected $372 expense report
By Jennifer Peltz and The Associated PressJune 17, 2026
5 hours ago
bores
PoliticsElections
OpenAI’s backers spent $7.6 million to destroy a state legislator. Anthropic spent $10 million to rescue him
By Matt Brown, Anthony Izaguirre, Nicholas Riccardi and The Associated PressJune 17, 2026
5 hours ago
The global under-16 social media ban Is no longer a fringe policy
EuropeSocial Media
The global under-16 social media ban Is no longer a fringe policy
By The Associated PressJune 17, 2026
6 hours ago
aidan
AIG7
Cohere CEO on G7 leaders’ choice: sovereign AI or digital serfdom
By Aidan GomezJune 17, 2026
9 hours ago
Doctors and nurses huddle in a hospital hallway
Economystudent loans and debt
Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses
By Jacqueline MunisJune 17, 2026
12 hours ago

Most Popular

'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
1 day ago
Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
1 day ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
2 days ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
1 day ago
Melinda French Gates' advice to new IPO millionaires: 'Give half your money away'
Startups & Venture
Melinda French Gates' advice to new IPO millionaires: 'Give half your money away'
By Emma HinchliffeJune 13, 2026
4 days ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.