Biden restricting US oil, gas drilling a jobs, supply killer: American Petroleum Institute VP

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Energy Energy Headlines News

American Petroleum Institute Senior Vice President Frank Macchiarola says Biden's energy policies cost 50K American jobs and 500K barrels of oil per day -- the same amount of oil imported from Russia before its invasion of Ukraine.

Photo credit: Gretty Images / iStockset to expire on June 30, Macchiarola said the president has an opportunity to reverse course.

"If the administration really wants to be strategic here, they'll promote the production of oil and gas in the United States through development on federal lands and waters. They'll stop restricting access to pipeline infrastructure. They'll cancel these proposals to increase taxes on American producers," Macchiarola explained. "Those are the things that are going to provide relief for Americans at the pump.

"For generations, we've had bipartisan agreement across administrations of both parties that we need to be more energy independent, more energy secure," he continued. "For the first time, we have an administration that doesn't promote energy development... that restricts access to areas for production and cancels pipelines."

Macchiarola warned that the U.S. oil supply isn’t coming back fast enough, even with select oilfields, like the

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I am starting to believe we are getting disaster after another because he is compromised. Hell, he just announced he was for kids getting sex changes basically.

No surprise here! He did say he was going to phase out fossil fuel during the debate!

When is Fox Business going to move the focus off Hunter Biden and onto missing White House phone logs from 1/6/21?

It gets worse: Jeopardized American energy security and a cost of thousands of U.S. jobs and billions in government revenue. We could see it if there's a lapse in the U.S. Department of the Interior’s (DOI) five-year program for leasing in the GOM.

notnews GreenNewDeal

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden will tap US petroleum reserve for 6 months in bid to control pricesThe White House says President Biden will also call on Congress to impose financial penalties on oil and gas companies that lease public lands but aren’t producing energy.
Source: adndotcom - 🏆 293. / 63 Read more »

Biden orders release of 1 million barrels of oil a day from U.S. strategic reserveBreaking: President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months in a bid to control energy prices. Yay barrels When ww3 starts and no one is selling oil to the US. What happens if we run out of our oil reserves? Asking for 250mm Americans and GROWING
Source: latimes - 🏆 11. / 82 Read more »