Zero Chance Of Improving Gas Crisis After Biden Restricts Supply — Again

Zero Chance Of Improving Gas Crisis After Biden Restricts Supply — Again

The President of the United States is deliberately ignoring suffering Americans, plain and simple.

At this point, it’s almost like this administration WANTS gas prices to be higher to create a more urgent need for electric vehicles.


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Earlier this week, the Biden destroyed what was left of America’s ability to drill for oil offshores. All three remaining offshore oil and gas leases have been canceled by the Biden administration, adding to America’s supply problem just as gas prices reach their peak.

The Department of the Interior (DOI), which oversees all lease sales on federal lands and waters, said a sale spanning 1.09 million acres in the Cook Inlet in Alaska was canceled due to a “lack of industry interest” while two in the Gulf of Mexico were canceled “due to factors including conflicting court rulings.

Lack of industry interest? Sure, Jan.

The three sales were scheduled under the current five-year offshore lease plan that expires in late June. Under the Outer Continental Shelf Lands Act of 1953, the DOI is mandated to issue five-year plans with a list of proposed offshore lease sales.

However, the Biden administration has delayed issuing a new plan and in April DOI Secretary Deb Haaland said there is still a “significant amount of work” to do before the agency publishes the plan. The administration even suggested that the next offshore oil and gas lease sale wouldn’t take place until after October 2023 in the DOI’s FY23 budget proposal.

[source: The Daily Caller]

But President Joe Biden has faced increased pressure from Republicans and Democrats to develop a new offshore plan and expand onshore drilling as well amid the Ukraine crisis. The average price of gasoline nationwide reached $4.42 per gallon Thursday, its highest level ever, according to AAA data.

The API and the National Ocean Industries Association (NOIA) published a report in March warning that a failure to issue a new offshore lease plan would result in tens of thousands of lost jobs and a decline of 500,000 thousand barrels of oil per day in domestic production.

In November, the DOI held a 1.7-million-acre offshore oil and gas lease sale in the Gulf of Mexico. The administration, though, announced it wouldn’t appeal a federal court ruling nixing the sale in February.

Republicans are rightfully perplexed by the Biden administration’s decision to further restrict gas supply amid a global crisis, a European war, and skyrocketing prices at home.

Almost like all of this was done by design?

Author: Robert Bogart


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