: A ‘Marshall Plan’ for energy? Here’s what that would look like, as a new cold war dawns.

One of America’s top bankers told President Biden the U.S. needs a “Marshall Plan” for energy production in light of surging oil prices. Higher energy costs threaten to worsen already high inflation and could even trigger a recession.

The Marshall Plan was a multipronged U.S. strategy after World War II to rebuild Europe, help modernize its economy, and block communism from taking root in the impoverished and war-torn continent.

Source: This post first appeared on http://marketwatch.com/