U.S. Energy Envoy Hochstein Calls Investor Hostility to Shale Drilling ‘Un-American’ -FT

(Reuters) – U.S. energy envoy Amos Hochstein described the refusal of the country’s shale investors to ramp up drilling as “un-American” in an interview with the Financial Times on Sunday.

“I think that the idea that financiers would tell companies in the United States not to increase production and to buy back shares and increase dividends when the profits are at all-time highs is outrageous,” the White House’s chief energy adviser told the FT, adding, “It is not only un-American, it is so unfair to the American public”.