24 hours before Joe Biden announced he was cancelling all previously issued oil and gas leases in Alaska’s ANWR region, Saudi Arabia and Russia announced oil production limits would continue. Oil prices spiked near $100/bbl and then Joe Biden amplifies the problem by cancelling previously sold oil and gas leases.
There’s no other way to look at the timing here, other than to accept this is Joe Biden intentionally driving up the cost of domestic energy in the U.S. and creating as much pain as possible.
(Reuters) – Sept 6 (Reuters) – The U.S. Interior Department on Wednesday said it would cancel oil and gas leases in a federal wildlife refuge that were bought by an Alaska state development agency in the final days of former President Donald Trump’s term.
President Joe Biden, a Democrat, has pledged to protect the 19.6 million-acre (7.9 million-hectare) Arctic National Wildlife Refuge (ANWR) for polar bears and caribou.
“As the climate crisis warms the Arctic more than twice as fast as the rest of the world, we have a responsibility to protect this treasured region for all ages,” he said in a statement.
Trump’s Republican administration had issued the Alaska Industrial Development and Export Authority (AIDEA) seven leases a day before Biden’s inauguration.
Environmentalists praised the decision, but it was lambasted by a Republican Senator from Alaska, where officials have sought to open up drilling in the reserve to secure jobs and revenues for the state.
The government also said it would forbid new leasing on more than 10 million acres in the National Petroleum Reserve in Alaska, a 23-million-acre area on the state’s North Slope that is the largest undisturbed public land in the United States. (read more)
WHITE HOUSE – […] Canceling all remaining oil and gas leases issued under the previous administration in the Arctic Refuge and protecting more than 13 million acres in the Western Arctic will help preserve our Arctic lands and wildlife, while honoring the culture, history, and enduring wisdom of Alaska Natives who have lived on these lands since time immemorial. From day one, I have delivered on the most ambitious climate and conservation agenda in our country’s history. But there is more to do…
Source: Theconservativetreehouse.com
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