DeBry’s oil plan
Joe Biden will go down as the worst and most corrupt President in US history. Many of our liberal writers have written that oil is a commodity not controlled by the President, but the market.
I would agree 100% except when the US is the largest producer of oil and a President who campaigned to destroy the fossil fuel industry, then yes, the President can do a lot to affect market prices.
On May 25, 2022 when Biden was in Asia and in a press conference with the Japanese prime minister, he said the following “High gas prices are just part of the plan as we transition to renewables”. So, what is the “plan”?
Within two weeks after taking office Joe Biden executed the following plan.
Suspend drilling in the Arctic National Wildlife Refuge (“ANWR”) based on environmental impacts.
Suspend oil and gas drilling in the Arctic waters and the Bering Sea and established the Northern Bering Sea Climate Resilience Area.
Suspend the Keystone pipeline as it would not serve the US national interest.
Review immediately all existing regulations, policies, issued, or adopted during the Trump administration that conflict with the Biden administration’s climate, and environmental policy objectives and to take action as appropriate.
Pause on granting new oil and natural gas leases on public lands or offshore waters, launch a rigorous review of all existing leasing and permitting practices related to fossil fuel development on federal lands.
Create energy and environmental policy councils to advise President Biden regarding the future actions needed to pursue his administration’s energy and environmental policy goals.
Joe Biden lost in court regarding some onshore leases he tried to stop, so what did Biden do? April 16, 2022, he increased the royalty’s energy companies pay by 50%. Way to go Joe.
Mike DeBry
Palmdale