Biden Sends Shockwaves Through Oil Industry

This was a bad decision.

Currently, the national average for a gallon of gas sits at $4.13 cents per gallon. It has doubled since President Biden has come into office.

Biden needs to do something to lower these prices.

Now, President Biden has just decided to do the unthinkable and have his administration block the drilling for oil on millions of acres of land in the United States. This will result in higher gas prices.

According to The Daily Caller, Biden decided to reverse a Trump-era policy this week that massively expanded the area companies can drill for oil through fossil fuel leasing. Biden has decided to do this while gas prices are currently at an all time high.

The Bureau of Land Management (BLM) is now reducing the land which is available to be leased for oil drilling in the National Petroleum Reserve in Alaska (NPR-A).

“Today’s decision ensures the NPR-A will be managed consistent with the 2013 [Integrated Activity Plan], while including certain more protective lease stipulations and operating procedures for threatened and endangered species … confirmed through consultation with the U.S. Fish and Wildlife Service and the National Marine Fisheries Service.”