{"id":1413385,"date":"2022-03-31T15:45:32","date_gmt":"2022-03-31T19:45:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1413385"},"modified":"2022-03-31T15:45:39","modified_gmt":"2022-03-31T19:45:39","slug":"drill-baby-drill-joe-biden-urges-oil-companies-to-produce-more-oil-and-double-down-on-clean-energy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/drill-baby-drill-joe-biden-urges-oil-companies-to-produce-more-oil-and-double-down-on-clean-energy\/","title":{"rendered":"Drill, Baby, Drill: Joe Biden Urges Oil Companies to Produce More Oil and &#039;Double Down&#039; on Clean Energy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdrill-baby-drill-joe-biden-urges-oil-companies-to-produce-more-oil-and-double-down-on-clean-energy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1413385&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">President Joe Biden delivered another speech about his attempt to reduce the high cost of gas, as prices continue to rise despite his promise to \u201cwork like to the devil\u201d to bring them down.<\/p>\n<p>Biden urged oil companies to start producing more oil, threatening to punish them if they do not respond.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The president accused oil companies of \u201choarding\u201d federal oil leases, announcing a new \u201cuse it or lose it\u201d plan, where he would charge companies more fees if they failed to develop their oil leases on federal land or even take them away.<\/p>\n<p>\u201c[T]hey can put those profits to productive use by producing more oils, restarting idle wells, or producing on sites they are already leasing,\u201d Biden said.<\/p>\n<p>He acknowledged it took \u201cmonths, not days\u201d to ramp up production, announcing he would release one million barrels of oil per day to help fight shortages in the meantime.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Biden told reporters his efforts could bring down gas prices as much as 35 cents a gallon.<\/p>\n<div id=\"attachment_20147530\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/media.breitbart.com\/media\/2022\/03\/gas-prices-california-oil-getty.jpg\"><\/a><\/p>\n<p class=\"wp-caption-text\">Mario Tama\/Getty Images<\/p>\n<\/div>\n<p>The president tried to appeal to oil executives\u2019 sense of duty, calling it a \u201cmoment of patriotism,\u201d as they should serve their customers first over their shareholders.<\/p>\n<p>\u201cI say, \u2018Enough.\u2019 Enough of lavishing excessive profits on investors and payouts and buybacks when the American people are watching,\u201d he said.<\/p>\n<p>He urged companies not to take advantage of the oil shortages, which he blamed on the ongoing coronavirus pandemic and \u201cPutin\u2019s price hike\u201d after the Russian president escalated his war in Ukraine.<\/p>\n<p>\u201cThis is not the time to sit on record profits. It\u2019s time to step up for the good of our country,\u201d he said.<\/p>\n<p>But Biden did not offer any proposals to reduce the regulatory and environmental burdens that oil companies face, which only increase the cost of oil or gas. He also did not announce a plan to fast track or speed up new leases after spending his presidency trying to ban oil leases on federal land altogether.<\/p>\n<p>Instead, the president said, he would \u201cdouble down\u201d on his clean energy agenda to \u201cspeed the transition to a clean energy future.\u201d<\/p>\n<p>\u201cUltimately, we and the whole world need to reduce the dependence on fossil fuels altogether,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden delivered another speech about his attempt to reduce the high cost of gas, as prices continue to rise despite his promise to \u201cwork like to the devil\u201d<\/p>\n","protected":false},"author":24,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1413385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1413385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1413385"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1413385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1413385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1413385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1413385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}