Op-Ed: Biden Admin is dazed and confused when it comes to American energy
This article originally appeared in Daily Caller on March 18, 2023
The Biden administration moved Monday to indefinitely block 16 million acres of future oil and gas leases in federal lands and waters in the Alaskan Arctic. Its decision reflects the aggressive climate agenda that seeks to forcefully supplant traditional energy industries with less efficient green energy alternatives through his inflationary spending policies.
At the same time, the Biden administration has approved ConocoPhillips’s $8 billion Willow project, a project that will deliver a mere 180,000 barrels of oil per day, generating roughly $17 billion in total tax revenue for the federal government over 30 years. Even though adding more oil production in a vacuum is a good thing, the Willow project still produces far less than what America should be producing if fossil fuels were truly a priority.
By contrast, the Keystone XL pipeline that President Joe Biden canceled on his first day in office would have carried 830,000 barrels of oil per day at a benefit of $50 billion per year for the U.S. economy...
Read full op-ed in Daily Caller