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| iStock/Anna Moneymaker/Getty Images, BNN Edits |
Desperate to keep gas prices high, His Fraudulency Joe Biden killed “all oil and gas leases to Alaska’s Cook Inlet and the Gulf of Mexico as of Wednesday night,” Breitbart News reported early Thursday morning.
This act removes millions and millions of acres from exploration.
Here’s a question: Why does the federal government have control over all this land to begin with?
Anyway … as of today, the average price for a gallon of gas hit a record high of $4.42.
On the day Trump left office, a gallon of gas cost $2.39.
Nevertheless, the Biden administration just decided to kill any chance of exploring over one million acres in Alaska’s Cook Outlet and millions more acres in the Gulf of Mexico.
The Department of Interior (DOI) claims the decision in Alaska was based on a “lack of industry interest in leasing in the area.” The Gulf leases, the DOI said, were killed due to “conflicting court rulings that impacted work on these proposed lease sales.” --->READ MORE HERE
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| Photo: Eric Gay/Associated Press |
The Biden administration canceled plans to auction drilling rights in three regions off the U.S. coastline later this year, adding more friction to an uneasy relationship with the oil industry during a period of high gasoline prices.
The decision to cancel lease sales for two regions in the Gulf of Mexico and one off the coast of Alaska leaves oil-and-gas companies facing a blackout period of unknown length for access to new drilling spots in valuable offshore acreage.
A five-year schedule for offshore lease sales expires at the end of next month, and the Interior Department has yet to propose a new one. Canceling the pending sales with no new schedule yet proposed could mean the industry now faces years between successful federal offshore auctions.
“The lack of new lease sales will lower future supplies, which will keep energy prices high and drive inflation for years to come,” Marty Durbin, president of the energy arm of the U.S. Chamber of Commerce, said in a statement. “While some in the Administration have called for more domestic production, this action sends exactly the wrong signal to producers and markets.”
President Biden has pledged several times in recent months to help boost oil-and-gas production, saying families need help dealing with gasoline prices that have risen sharply. That new priority often conflicts with his agenda for addressing climate change, which has included promises to constrict oil-and-gas development on federal territory.
Mr. Biden started his presidency by introducing a moratorium on new leasing and permitting. Later moves to revive federal oil-and-gas work have been hampered by legal fights and other bureaucratic delays. --->READ MORE HEREFollow links below ro related stories:
Biden Shuts Down Oil and Gas Leases He Sabotaged
Biden admin cancels massive oil and gas lease sale amid record-high gas prices
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