Monday, February 14, 2022

Biden Administration to Scrap Trump-era Plan to Expand Drilling in National Petroleum Reserve in Alaska

Recommendable! These large swings in federal policy make no sense and costs to the American people and economy are enormous!

This happens under the pretext of the phony so called climate crisis and exaggerated environmental concerns! Humanity needs more, not less cheap energy!

"The administration of President Joe Biden announced its intent to reverse a decision made by the prior Trump  administration to open up vast swathes of the Alaska National Petroleum Reserve, or NPR-A, to new exploration and production. ...
The 23,599,999 acre NPR-A was created by President Warren G. Harding in 1923 as the Naval Petroleum Reserve Number 4, at a time when the United States was Navy was converting its fleet to run on oil rather than coal.

It was renamed the “National Petroleum Reserve in Alaska” and transferred from the Navy to the Department of the Interior in 1976, to be managed by the BLM.

Although, the 1980 Interior Department Appropriations Act directed the BLM to conduct oil and gas leasing throughout most of the reserve, most of the area remained unexplored until the 1990s. ...
The BLM’s action makes no sense, especially in the light of the fact that the Biden administration has admitted a strategic petroleum shortage by opting to tap the strategic reserve recently ...
Extreme swings in leasing policy are devastating to the petroleum industry and the economy, as a whole ..."

Biden Administration to Scrap Trump-era Plan to Expand Drilling in National Petroleum Reserve

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