{"id":1872972,"date":"2023-03-09T13:31:03","date_gmt":"2023-03-09T18:31:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/as-nation-recovers-from-record-high-gas-prices-biden-moves-to-yank-tax-breaks-from-oil-industry\/"},"modified":"2023-03-09T13:38:20","modified_gmt":"2023-03-09T18:38:20","slug":"as-nation-recovers-from-record-high-gas-prices-biden-moves-to-yank-tax-breaks-from-oil-industry","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/as-nation-recovers-from-record-high-gas-prices-biden-moves-to-yank-tax-breaks-from-oil-industry\/","title":{"rendered":"As Nation Recovers From Record-High Gas Prices, Biden Moves To Yank Tax Breaks From Oil Industry"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/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%2Fas-nation-recovers-from-record-high-gas-prices-biden-moves-to-yank-tax-breaks-from-oil-industry%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=1872972&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--><br \/>\n<section id=\"article\">\n<article data-post-title=\"As Nation Recovers From Record-High Gas Prices, Biden Moves To Yank Tax Breaks From Oil Industry\" data-post-slug=\"http:\/\/watch-veep-thoughts-with-kamala-harris-vol-7\" data-post-url id=\"print-1700259\">\n<div>\n<h2>Environmentalists claim that policy change is needed to stop oil and gas production.<\/h2>\n<figure><figcaption> Billboard outside of the White House \/Getty Images\t\t\t<\/figcaption><\/figure>\n<\/p><\/div>\n<div>\n<p>The 2024 budget of President Joe Biden would remove tax breaks from the fossil fuel sector. Environmental groups fear that this would lead to a decline in oil and gas production.<\/p>\n<div>\n<p><a href=\"https:\/\/winred.tomcotton.com\/tom-cotton\/claim-yours-ots-fbeacon-ads-30?utm_source=rc&#038;utm_medium=fbeaconads&#038;utm_campaign=2023marchots\" target=\"_blank\" rel=\"noopener\"> \t\t\t\t \t\t\t<\/a> \t\t<\/p>\n<p><a href=\"https:\/\/winred.tomcotton.com\/tom-cotton\/claim-yours-ots-fbeacon-ads-30?utm_source=rc&#038;utm_medium=fbeaconads&#038;utm_campaign=2023marchots\" target=\"_blank\" rel=\"noopener\"> \t\t\t\t \t\t\t<\/a> \t\t<\/p>\n<\/p><\/div>\n<p>It <a href=\"https:\/\/www.reuters.com\/business\/energy\/biden-budget-target-us-fossil-fuel-subsidies-2023-03-09\/\" target=\"_blank\" rel=\"noopener\">provision<\/a> This comes after families in the United States recover from months under Biden&#8217;s record-setting gas prices. For the first time ever, the average cost of a gallon in America for gas last summer was above $5. <a href=\"https:\/\/gasprices.aaa.com\/\" target=\"_blank\" rel=\"noopener\">dropped<\/a> To $3.47. The average national gas price was only $2.39 before Biden assumed office.<\/p>\n<p>Biden responded quickly to the sky-high price tags by <a href=\"https:\/\/freebeacon.com\/energy\/john-kerry-rebukes-oil-companies-for-increasing-production-the-president-has-been-pressing-them-for-months-to-do-just-that\/\" target=\"_blank\" rel=\"noopener\">urging<\/a> Oil and gas companies will increase their production. However, eliminating tax breaks for fossil fuels, such as oil and gas companies, would require them to increase production, according to environmental groups. Greenpeace\u2014a left-wing group <a href=\"https:\/\/www.greenpeace.org\/usa\/about\/\" target=\"_blank\" rel=\"noopener\">working<\/a> You can find more information here &#8220;address the climate crisis&#8221; Transform America&#8217;s Economy &#8220;racist&#8221; economy\u2014<a href=\"https:\/\/www.greenpeace.org\/usa\/news\/congress-must-eliminate-35-billion-in-fossil-fuel-subsidies-in-the-build-back-better-act\/\" target=\"_blank\" rel=\"noopener\">said<\/a> The elimination of one oil or gas tax in 2021 &#8220;would reduce new oil drilling by 25 percent.&#8221; Biden last year stated that such a decrease in gas supply could lead to higher prices. &#8220;If we want lower gas prices, we need to have more oil supply right now,&#8221; The Democrat <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2022\/03\/31\/remarks-by-president-biden-on-actions-to-lower-gas-prices-at-the-pump-for-american-families\/\" target=\"_blank\" rel=\"noopener\">said<\/a>.<\/p>\n<p>Biden <a href=\"https:\/\/twitter.com\/POTUS\/status\/1633832511859216386?s=20\" target=\"_blank\" rel=\"noopener\">touted<\/a> His budget as a series on Thursday <a href=\"https:\/\/twitter.com\/POTUS\/status\/1633877304542896129?s=20\" target=\"_blank\" rel=\"noopener\">tweets<\/a>It is called a &#8220;blue-collar blueprint&#8221; That would be great! &#8220;make our economy work for the middle class again.&#8221; However, the oil and natural gas extraction industry <a href=\"https:\/\/www.ibisworld.com\/industry-statistics\/employment\/oil-drilling-gas-extraction-united-states\/#:~:text=There%20are%20148%2C610%20people%20employed,the%20US%20as%20of%202023.\" target=\"_blank\" rel=\"noopener\">employs<\/a> nearly 150,000 Americans\u2014jobs that are some of the <a href=\"https:\/\/www.nbcnews.com\/id\/wbna37690862\" target=\"_blank\" rel=\"noopener\">highest-paid blue-collar positions<\/a> The country.<\/p>\n<p>The White House didn&#8217;t respond to a request for comment.<\/p>\n<div>\n<p><a href=\"https:\/\/winred.tomcotton.com\/tom-cotton\/tik-tok-beacon-ads?utm_source=rc&#038;utm_medium=fbads&#038;utm_campaign=bantiktok\" target=\"_blank\" rel=\"noopener\"> \t\t\t\t \t\t\t<\/a> \t\t<\/p>\n<p><a href=\"https:\/\/winred.tomcotton.com\/tom-cotton\/tik-tok-beacon-ads?utm_source=rc&#038;utm_medium=fbads&#038;utm_campaign=bantiktok\" target=\"_blank\" rel=\"noopener\"> \t\t\t\t \t\t\t<\/a> \t\t<\/p>\n<\/p><\/div>\n<p>Biden&#8217;s push to eliminate oil and gas tax breaks marks the second time\u00a0this week alone that the Democrat&#8217;s administration has targeted the fossil fuel industry. Biden&#8217;s Environmental Protection Agency proposed Wednesday a rule. <a href=\"https:\/\/freebeacon.com\/energy\/after-walking-back-pledge-to-shutter-coal-plants-biden-admin-proposes-rule-that-could-shutter-coal-plants\/\" target=\"_blank\" rel=\"noopener\">could force coal plants to close<\/a>\u2014just months earlier, the White House walked back comments from Biden pledging to shut down coal plants &#8220;all across America.&#8221;<\/p>\n<\/p><\/div>\n<\/article>\n<\/section>\n<p><\/p>\n<hr>\n<p>&#8220;From <a href=\"https:\/\/freebeacon.com\/energy\/as-nation-recovers-from-record-high-gas-prices-biden-moves-to-yank-tax-breaks-from-oil-industry\/\">As Nation Recovers From Record-High Gas Prices, Biden Moves To Yank Tax Breaks From Oil Industry<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Environmentalists claim that policy change is needed to stop oil and gas production. Billboard outside of the White House \/Getty Images The 2024 budget of President Joe Biden would remove tax breaks from the fossil fuel sector. Environmental groups fear that this would lead to a decline in oil and gas production. It provision This &hellip;<\/p>\n","protected":false},"author":176,"featured_media":1891614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[3620,6449,7536,6984,5368,11156,7393,4590,21134,15385,8360,21133],"class_list":["post-1872972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-biden","tag-breaks","tag-gas","tag-industry","tag-moves","tag-nation","tag-oil","tag-prices","tag-record-high","tag-recovers","tag-tax","tag-yank"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1872972","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1872972"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1872972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1891614"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1872972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1872972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1872972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}