Tag: Oil prices

Biden Admin’s Oil Drilling Policy Sparks Energy Security Debate

Tom Patriot

Concerns are growing over the Biden administration’s decision to raise the cost of oil drilling on federal lands. This policy shift has sparked debates about the impact on America’s energy independence and economy… Biden Admin Proposes Rule to Raise the Cost of Drilling on Federal Lands Critics argue that the decision could potentially harm domestic energy production. The administration insists they aim to protect natural habitats and reduce carbon emissions. However, some experts worry this could increase reliance on foreign oil and gas. Hence, the situation affects the nation’s energy…

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Widespread Backlash Over Biden Admin’s Rule on Mining Activities

Tom Patriot

The Biden administration’s recent environmental rule is aimed at:  This movement encountered significant backlash from various quarters. Critics argue that the rule will affect jobs and the economy.  Moreover, industry representatives, Republicans, and even some Democrats don’t like the idea. The widespread opposition reflects the complexity and contentiousness of the issue at hand. This occurrence further complicates the prospects for its implementation. Biden Admin Eco Rule Curbing Oil Drilling Faces Opposition The Environmental Protection Agency (EPA) proposed the rule which aims to: Supporters of the rule claim it is crucial…

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Oil Industry Faces Uncertain Future under AOC and Biden’s Energy Policies

Tom Patriot

Experts warn that President Biden’s push to block oil drilling in the United States… may have unintended consequences on his climate agenda. According to Fox, preventing domestic oil production could lead to:  The move could also negatively impact American jobs and economic growth. Some estimate the loss of hundreds of thousands of employment opportunities.  Critics argue that the administration’s approach won’t address climate change. Moreover, it could result in adverse outcomes for the environment and economy. Experts Warn Blocking US Oil Drilling Could Backfire on Biden’s Climate Agenda The report…

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Biden Administration to be Banned from Selling Oil to China with New Bipartisan Legislation

Tom Patriot

Since taking office in January 2021, the Biden Administration has sold at least 2 million barrels of oil from the Strategic Petroleum Reserve (SPR) to UNIPEC… which is a state-controlled China Petrochemical Corporation subsidiary.  Republican lawmakers criticized the administration for this. They believe that selling a key US national security asset to bolster China’s economy is unacceptable.  The White House has defended the deal, stating that it is legally required to sell SPR oil to the highest bidder. Manchin and Cruz Unveil Joint Bill to Block Sale of US Oil…

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Saudi Arabia Prince Mocked Biden After OPEC Oil Cut?

Tom Patriot

Biden is ruining America’s relationship with Saudi Arabia. He is proving to be a weak leader who is beholden to special interests. Under his leadership, America is becoming more isolated from the rest of the world. WH Says Biden Believes Saudi Arabia Sided With Russia After OPEC Oil Cut The White House said that Biden believes Saudi Arabia has sided with Russia. This followed the Riyadh-led OPEC announcement last time to cut oil production. WH Press Secretary Karine Jean-Pierre said, “We believe in OPEC’s decision. (Saudi Arabia is) certainly aligning…

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