We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Biden Bans Oil Drilling Earlier than Exiting Workplace | Economics
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Economics > Biden Bans Oil Drilling Earlier than Exiting Workplace | Economics
Economics

Biden Bans Oil Drilling Earlier than Exiting Workplace | Economics

By Editorial Board Published January 7, 2025 4 Min Read
Share
Biden Bans Oil Drilling Earlier than Exiting Workplace | Economics

President Joe Biden has invoked the Outer Continental Shelf Lands Act to forestall Donald Trump from allowing new oil and pure fuel leases. Offshore drilling in federal waters alongside the East and West coasts of the US, jap Gulf of Mexico, and parts of the northern Bering Sea in Alaska are actually forbidden.

Biden boasted that this measure would shield 625 million acres of federal waters, however in actuality, this can be a last-ditch effort to forestall incoming President Donald Trump from reversing every part Biden did that made America depending on overseas vitality. “Joe Biden clearly wants high gas prices to be his legacy,” Karoline Leavitt, a spokesperson for Trump, posted on X.

This political stunt will price American jobs and trigger hassle for Trump, who has said that vitality independence is a prime precedence. “’Suspending leases in Alaska’s 1002 Area is in direct conflict with the 2017 Tax Cuts and Jobs Act, through which Congress mandates an oil and gas leasing program be established on the non-wilderness Coastal Plain, and ordered at least two lease sales by 2024.,” Alaskan Senator Lisa Murkowski said. “In addition, The Act specifically states that the purpose of the 1002 area of ANWR is oil and gas development. The oil and gas leasing program established by the Trump Administration meets the legal mandates required by Congress including imposing a framework with a range of environmental safeguards that are successfully guiding production elsewhere in northern Alaska.”

SaudiOilBiden.Reddit

Utter pettiness as it’s clear why the president waited till the ultimate two weeks of his time period to invoke this order. The 1953 Outer Continental Shelf Lands Act (OCSLA) prevents presidents from overturning such bans with out congressional motion. In 2019, throughout Trump’s first time period, a federal choose declared that presidents might not reverse such bans. Trump believes he has the best to “unban it immediately” on “day one” in workplace, however the legalities of OSCLA stay unclear.

Throughout his presidency, Biden almost depleted America’s petroleum reserves. He begged overseas nations to extend their provide as he pressured America to buy that oil at a markup. The struggle in Ukraine solely amplified the vitality disaster as international demand skyrocketed. But he refused to again away from the local weather change agenda even when that meant suffocating the American economic system.

whyPutinKEYSTONEgasBiden

Biden can pander to his Agenda 2030 local weather change supporters and vilify Trump additional by claiming he doesn’t care in regards to the atmosphere. Regardless of efforts regularly failing, Biden nonetheless believes that the US can attain a net-zero greenhouse fuel economic system by 2050. Demand has not waned, and America should import oil if it can’t derive its personal. Biden has spent his whole time period undermining the American economic system, starting with the vitality sector. He revoked the Keystone XL pipeline deal on day one, and on the eleventh hour, he’s marking his exit with one final blow to American vitality.

TAGGED:ArmstrongbansBidenDrillingEconomicsExitingOfficeoil
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Ambulance rides save lives

Ambulance rides save lives

Michigan
July 9, 2025
Dodgers battle towards the Brewers, prolong dropping streak to 5 video games

Dodgers battle towards the Brewers, prolong dropping streak to 5 video games

MILWAUKEE — The sport plan, supervisor Dave Roberts mentioned Tuesday afternoon, was easy.Because the Dodgers ready to…

July 9, 2025
Greater than 110 injured after Marseille wildfire, minister says

Greater than 110 injured after Marseille wildfire, minister says

Greater than 110 individuals have been injured after wildfires broke out in Marseille, France's inside…

July 9, 2025
Lewis Journey Farm proprietor hit, killed in car parking zone by worker

Lewis Journey Farm proprietor hit, killed in car parking zone by worker

SHELBY TOWNSHIP, Mich. (WOOD) — A co-owner of the Lewis Journey Farm and Zoo was…

July 9, 2025
John C. Harris, California horse breeder and proprietor of Harris Farms, dies at 81

John C. Harris, California horse breeder and proprietor of Harris Farms, dies at 81

John C. Harris, California horse-racing mogul, had a specific love for the thoroughbred breeding and…

July 9, 2025

YOU MAY ALSO LIKE

Market Discuss – July 8, 2025 | Economics

ASIA: The key Asian inventory markets had a inexperienced day at this time: • NIKKEI 225 elevated 101.13 factors or…

Economics
July 8, 2025

A minimum of 13 individuals could have taken their very own lives linked to Put up Workplace scandal, public inquiry finds

A minimum of 13 individuals could have taken their very own lives after being accused of wrongdoing primarily based on…

Business
July 8, 2025

Two-week deadline set to seek out purchaser for ailing Lindsey oil refinery

Officers have set a two-week deadline to discover a purchaser for the ailing Prax Lindsey oil refinery amid rising doubts…

Business
July 8, 2025

Flavour of what is to return as first Submit Workplace inquiry lays naked heart-breaking legacy

The long-awaited first report from the Submit Workplace Horizon scandal inquiry lays naked not simply the devastating private toll of…

Business
July 8, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?