{"id":1529614,"date":"2022-06-27T15:34:10","date_gmt":"2022-06-27T19:34:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1529614"},"modified":"2022-06-27T15:34:18","modified_gmt":"2022-06-27T19:34:18","slug":"biden-administration-targets-largest-oil-producing-area-in-u-s","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-targets-largest-oil-producing-area-in-u-s\/","title":{"rendered":"Biden Administration Targets Largest Oil-Producing Area In U.S."},"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\">16<\/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%2Fbiden-administration-targets-largest-oil-producing-area-in-u-s%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=1529614&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><span data-preserver-spaces=\"true\">The Biden administration is targeting the largest oil-producing area in the United States: the Permian basin, located in western Texas and southeastern New Mexico.<\/p>\n<p><span data-preserver-spaces=\"true\">The Environmental Protection Agency (EPA) is considering labeling parts of the Permian Basin as violating the ozone standards set by the federal government.<\/p>\n<p><span data-preserver-spaces=\"true\">\u201cEPA is now considering a discretionary redesignation for (portions of) these counties in New Mexico and Texas for the 2015 ozone NAAQS under Clean Air Act section 107(d)(3) based on current monitoring data and other air quality factors,\u201d the Biden administration\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.reginfo.gov\/public\/do\/eAgendaViewRule?pubId=202204&#038;RIN=2060-AV68\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">wrote<\/a><span data-preserver-spaces=\"true\">.<\/p>\n<p><span data-preserver-spaces=\"true\">If the EPA succeeds in its plan, new permitting requirements and scrutiny of drilling operations will ensue.<\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe possible regulatory action adds yet another element of uncertainty to the oil industry, which is already facing an unknown future while being chastised for not investing more to produce more\u2014whether that\u2019s refining or drilling,\u201d\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/New-Regulations-In-Permian-Could-Deter-Drilling.html\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">oilprice.com<\/a><span data-preserver-spaces=\"true\">\u00a0explains.<\/p>\n<p><span data-preserver-spaces=\"true\">\u201cCreating uncertainty on permitting and inserting unnecessary regulatory barriers will only negatively impact the production necessary to meet the needs of consumers,\u201d Todd Staples, president of the Texas Oil and Gas Association, informed\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-24\/world-s-biggest-oil-field-permian-basin-faces-new-air-pollution-curbs\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Bloomberg<\/a><span data-preserver-spaces=\"true\">.<\/p>\n<p><span data-preserver-spaces=\"true\">In July, the Permian Basin will produce roughly 60% of the oil barrels per day from of the seven most prolific U.S. basins, according to the Energy Information Administration (EIA); 5.316 million BPD out of a total of 8.901 million.<\/p>\n<p><span data-preserver-spaces=\"true\">In June, the Permian Basin is expected to generate 5.232 million BPD; the second most prolific area is expected to produce 1.152 million BPD.<\/p>\n<p><span data-preserver-spaces=\"true\">In May, despite the record high price of gas in the U.S., the Biden administration announced it was canceling the sale of a massive oil and gas lease location in Alaska that was pending before the Department of the Interior (DOI). Biden\u2019s DOI also canceled two leases under consideration in the Gulf of Mexico area.<\/p>\n<p><span data-preserver-spaces=\"true\">At the end of March, the White House, while blaming Russian President Vladimir Putin for the rise in gas prices,\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/03\/31\/fact-sheet-president-bidens-plan-to-respond-to-putins-price-hike-at-the-pump\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">bragged<\/a><span data-preserver-spaces=\"true\">\u00a0that \u201cThe first part of the President\u2019s plan is to immediately increase supply by doing everything we can to encourage domestic production now.\u201d<\/p>\n<p><span data-preserver-spaces=\"true\">Yet in May, the DOI killed the potential to drill for oil \u201cin over 1 million acres in the Cook Inlet in Alaska,\u201d informing\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.cbsnews.com\/news\/alaska-oil-and-gas-lease-sale-canceled-biden-administration\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">CBS News<\/a><span data-preserver-spaces=\"true\">\u00a0that the cancellation stemmed from a \u201clack of industry interest in leasing in the area\u201d for the decision to \u201cnot move forward.\u201d The DOI killed the two leases under consideration in the Gulf of Mexico area because of \u201cconflicting court rulings that impacted work on these proposed lease sales.\u201d<\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe Biden administration is poised to let the nationwide offshore drilling program expire next month without a new plan in place,\u201d\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.washingtonpost.com\/climate-environment\/2022\/05\/11\/gulf-of-mexico-leasing-canceled\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">The Washington Post<\/a><span data-preserver-spaces=\"true\">\u00a0noted, adding, \u201cBarring unexpected action, the current five-year offshore drilling program will lapse at the end of June. Interior cannot hold any new oil and gas lease sales until it has completed a replacement plan.\u201d<\/p>\n<p><span data-preserver-spaces=\"true\">American Petroleum Institute (API) senior vice president Frank Macchiarola called the Alaska cancellation \u201c\u2018another example of the administration\u2019s lack of commitment to oil and gas development in the U.S.,\u2019\u201d adding, \u201c\u2018The President has spoken about the need for additional supplies in the market, but his administration has failed to take action to match that rhetoric.\u2019\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration is targeting the largest oil-producing area in the United States: the Permian basin, located in western Texas and southeastern New Mexico. The Environmental Protection Agency (EPA) is considering labeling parts of the Permian Basin as violating the ozone standards set by the federal government. \u201cEPA is now considering a discretionary redesignation for &#8230;<\/p>\n","protected":false},"author":60,"featured_media":1529703,"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-1529614","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\/1529614","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\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1529614"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1529614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1529703"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1529614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1529614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1529614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}