{"id":2039430,"date":"2023-09-20T20:22:04","date_gmt":"2023-09-21T00:22:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/175-ways-biden-has-made-it-harder-to-produce-oil-and-gas-energy-institute-report\/"},"modified":"2023-09-20T20:28:07","modified_gmt":"2023-09-21T00:28:07","slug":"175-ways-biden-has-made-it-harder-to-produce-oil-and-gas-energy-institute-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/175-ways-biden-has-made-it-harder-to-produce-oil-and-gas-energy-institute-report\/","title":{"rendered":"Energy Institute Report: 175 Obstacles Created by Biden for Oil and Gas Production"},"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\">26<\/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%2F175-ways-biden-has-made-it-harder-to-produce-oil-and-gas-energy-institute-report%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=2039430&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--><h2>The Biden Administration&#8217;s Assault on the Oil and Gas Industry<\/h2>\n<p>The Biden administration has taken a \u200bseries of aggressive actions against the oil and gas industry in the United States, causing significant damage to the sector&#8217;s operations. These actions include terminating\u200b leases,\u2062 proposing \u2062higher\u2062 tariffs for drilling, and implementing policies that impose &#8220;uneconomic&#8221; greenhouse \u2063gas emission regulations.<\/p>\n<div class=\"my-5\">\n<p>In May, \u200dthe Institute for Energy Research (IER) published \u2064a report that \u2063shed light on President \u2064Joe Biden&#8217;s plans to make American energy production more \u2064difficult and \u2063expensive. The report, updated in September, details \u200bthe \u2064175 measures taken by the\u2062 administration that have \u200charmed\u2064 the U.S.\u2064 oil and \u200bgas sector.<\/p>\n<\/div>\n<p>In May 2023, \u200cthe\u2064 Environmental Protection Agency\u200b (EPA)\u200c proposed new regulations that\u200c require power plants to reduce their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-climate-plan-gives-dark-money-foreign-group-approval-over-us-military-contracts\/\" title=\"Biden's climate plan prioritizes foreign group's 'dark money' over US military contracts.\">greenhouse \u2062gas emissions<\/a> and implement carbon capture measures, despite the fact that\u2062 these technologies\u2064 are \u200cconsidered uneconomical, according to the report.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\" id=\"in_article_related_stories\">\n<h2 class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related \u2063Stories<\/h2>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n<a href=\"http:\/\/www.theepochtimes.com\/us\/north-slope-inupiat-leader-decries-biden-admins-moves-against-oil-and-gas-in-alaska-5494732?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>North Slope Inupiat Leader \u2062Decries \u200bBiden Administration&#8217;s Moves Against Oil, Gas in Alaska<\/h3>\n<p><\/a>\n<\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">9\/20\/2023<\/div>\n<\/div>\n<div class=\"shrink-0 basis-[120px]\">\n<a href=\"http:\/\/www.theepochtimes.com\/us\/north-slope-inupiat-leader-decries-biden-admins-moves-against-oil-and-gas-in-alaska-5494732?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n<\/div>\n<\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n<a href=\"http:\/\/www.theepochtimes.com\/opinion\/oil-the-hidden-motive-behind-the-brics-expansion-5494748?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>Oil: The Hidden Motive Behind the BRICS\u200d Expansion<\/h3>\n<p><\/a>\n<\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">9\/20\/2023<\/div>\n<\/div>\n<div class=\"shrink-0 basis-[120px]\">\n<a href=\"http:\/\/www.theepochtimes.com\/opinion\/oil-the-hidden-motive-behind-the-brics-expansion-5494748?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>President Biden&#8217;s assault on the oil and gas industry\u200d continued with his decision \u2063to impose a 20-year ban on oil and gas leasing within 10 miles of Chaco Culture\u200c National Historical \u2064Park in New\u2062 Mexico. \u2062This move went against \u2063the wishes of the Navajo Nation and \u2063resulted in mineral owners losing out on $194 million in royalty income\u2064 from their resources.<\/p>\n<p>In June, \u200cthe Fish and Wildlife Service (FWS) \u200dproposed three new rules under the U.S. Endangered Species Act \u2063(ESA) that the report claims will weaken the standards for\u2063 identifying\u200c endangered or threatened species. These rules would also limit \u2063the areas available for energy \u200cresource development and increase \u2064costs and permit\u2062 requirements for \u2064investors.<\/p>\n<p>The \u200dFWS also proposed listing the Dune Sagebrush Lizard under the ESA in June, affecting the Permian Basin in Texas and New Mexico, one of the most productive oil regions in the country.<\/p>\n<div class=\"shortcode post-related-videos\">\n<div class=\"lazyload-wrapper\">\n<div class=\"lazyload-placeholder\"><\/div>\n<\/div>\n<\/div>\n<p>In July, the Biden administration&#8217;s Bureau of Land Management (BLM) proposed\u2063 a rule to raise royalties for oil \u2063and gas drilling on\u2063 federal lands and increase leasing fees. The BLM also suggested \u200da significant\u200b increase in the minimum\u200c bond required \u2063for drilling\u2062 leases, making it more challenging for developers. These new\u2062 rules are estimated to cost energy firms an additional $1.8 billion by\u2064 2031.<\/p>\n<p>In August, the EPA updated greenhouse\u2062 gas reporting requirements for the oil and\u200c gas industry, potentially overestimating industry\u2064 emissions and imposing stricter \u200dregulations.<\/p>\n<p>The same month, the BLM proposed closing over\u2063 1.5 million acres of land in Colorado&#8217;s\u200c Piceance\u200d Basin to oil and gas leasing, impacting significant natural gas reserves.<\/p>\n<div class=\"my-5\">\n<p>President Biden&#8217;s anti-oil and gas policies have \u2064been \u2062in effect since he\u2062 took office in 2021.<\/p>\n<h2>Crushing the Oil and Gas Sector<\/h2>\n<p>The president wasted no time implementing \u200dmeasures\u200d to limit fossil fuel \u2064use. He canceled the \u200bKeystone XL\u2063 pipeline, placed a moratorium on oil and gas leasing \u2062in the Arctic National Wildlife Refuge, and \u2064reversed Trump-era orders that reduced regulations on\u200d federal land and expanded domestic energy production.<\/p>\n<\/div>\n<div class=\"post-figure\">\n<figure style=\"width:600px\" class=\"alignnone\"><figcaption>The sun behind a crude oil pump\u2064 jack in the \u2064Permian Basin in Loving \u200dCounty, Texas, on Nov. 22, 2019. (Angus \u2062Mordant\/Reuters)<\/figcaption><\/figure>\n<\/div>\n<p>President Biden issued executive orders\u2064 to halt new oil and gas leases on public lands and offshore \u2064waters and directed agencies to eliminate federal fossil \u2064fuel\u200b subsidies. He\u2063 also \u200brejoined \u2063the Paris \u2062Climate Agreement, which the IER argues benefits Russia, OPEC,\u200c and China, while detrimental to American interests.<\/p>\n<p>In August 2022,\u2063 Biden signed the Inflation \u2063Reduction \u2063Act\u200b (IRA), which imposed \u2064new \u2062taxes on \u2064methane leaks, natural gas extraction, crude oil,\u2064 and related products.<\/p>\n<p>In April 2023, the EPA released rules aiming to ensure that electric\u200d cars make up a significant percentage of new car sales in\u200d the United States. The IER criticizes these rules \u200dfor their potential to force combustion \u200cengine \u2062cars out \u2064of business and the country&#8217;s heavy reliance on China for\u200c critical minerals needed \u200cfor renewable energy technologies.<\/p>\n<div class=\"my-5\">\n<p><h2>Impact\u2062 of \u2063Biden&#8217;s\u200c Policies<\/h2>\n<\/p>\n<p>While President Biden&#8217;s policies continue to harm the oil and\u200d gas sector, American consumers are feeling the impact through \u200bhigher gasoline \u200cprices.<\/p>\n<\/div>\n<p>When Biden took office in\u2063 January 2021, retail gasoline was priced at $2.478\u2063 per gallon. As of \u2062September 18, gas prices \u2064have soared to $4.001 \u2064per gallon,\u2062 representing a 61 percent increase. \u2062Some states,\u2064 like California, are experiencing prices close to $6 per \u200cgallon.<\/p>\n<p>U.S. crude oil production remains below the peak achieved under the Trump administration.<\/p>\n<div class=\"post-figure\">\n<figure style=\"width:600px\" class=\"alignnone\"><figcaption>The Bryan \u200cMound Strategic Petroleum Reserve, an oil storage facility, is \u200bseen in this aerial photograph over Freeport, Texas on April\u2064 27, 2020. (Adrees Latif\/Reuters)<\/figcaption><\/figure>\n<\/div>\n<p>For\u2062 the week ending\u200d September 15, the United States recorded \u2064its highest oil \u200boutput during the Biden administration, producing 12.90 million barrels.\u200b However, this falls short\u200c of the \u200c13.10 million-barrel output in March 2020 \u200cunder President\u2062 Donald Trump.<\/p>\n<p>President Biden has also significantly \u200bdepleted the country&#8217;s Strategic \u2062Petroleum Reserves (SPR). When he took office, the SPR held 638 \u200dmillion\u2064 barrels, but by June \u200d2023, it had\u200c been\u200d reduced to 347 million barrels\u2014the lowest level \u2063since 1983.<\/p>\n<p>Despite facing some pushback, \u2063President Biden&#8217;s policies against the \u2064oil and gas \u2064industry continue on their current trajectory.<\/p>\n<p>Recently, \u2063the Department of the Interior\u2062 announced the withdrawal of over 13 \u2063million acres in the National \u2063Petroleum Reserve in Alaska from oil and gas leasing. Additionally, seven leases covering 365,000 acres granted to the Alaska Industrial Development \u200cand Export Authority in 2021 will be canceled.<\/p>\n<p>Senator Joe Manchin criticized this move, labeling it\u2063 as part of a &#8220;radical left&#8221; agenda \u2062that harms American energy security and increases dependence on foreign oil imports.<\/p>\n<p>A \u200dPew Research poll conducted in June revealed that only 31 percent of Americans support a complete phase-out of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-energy-secretary-pick-called-out-by-republicans-for-democrats-awful-record-on-green-jobs-video\/\" title=\"Biden Energy Secretary Pick Called Out By Republicans For Democrats\u2019 Awful Record On \u2018Green Jobs\u2019 (VIDEO)\">fossil fuel energy<\/a>. A significant portion of the population \u200bbelieves that the United \u200bStates is not\u2063 ready for such a phase-out or should never stop using fossil fuels to meet\u2063 its\u2062 energy needs.<\/p>\n<p> <\/p>\n<h2> How would the requirement for incidental \u200ctake permits\u2062 for \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/175-ways-biden-has-made-it-harder-to-produce-oil-and-gas-energy-institute-report\/\" title=\"Energy Institute Report: 175 Obstacles Created by Biden for Oil and Gas Production\">activities harming migratory birds affect\u200c oil<\/a> and\u2063 gas\u2064 operations and industry companies<\/h2>\n<p><span>  That would significantly impact the \u2064oil and gas \u200cindustry\u200b. The first rule would \u200b\u200b\u200brevise the\u200b definition of &#8220;habitat&#8221; \u2062under the Endangered Species Act, allowing the FWS to designate areas as critical habitat based on future climate change projections. This would greatly expand the areas deemed off-limits to drilling and increase costs for\u2064 oil and gas companies.<\/p>\n<p>The second rule would reinstate protections \u2063for the gray wolf under the Endangered Species Act, which could restrict \u200boil and \u200dgas development in certain regions. \u2062This move is in direct opposition\u2062 to the Trump administration&#8217;s\u2062 decision\u2064 to remove the gray\u200b wolf from the endangered species list.<\/p>\n<p>The third rule would require industry\u200d operators \u2064to \u2064obtain incidental take permits for any activities that may \u200charm migratory birds. This rule could hinder oil\u2064 and gas \u2062operations and add\u2063 more bureaucratic\u200d hurdles for companies in the industry.<\/p>\n<p>In addition to these regulatory actions, the Biden administration has signaled its \u2062intention to increase tariffs\u200c on imported steel \u2064used in\u2063 drilling operations. This would raise \u200bcosts for \u2062the industry\u2064 and further\u2063 hamper\u2062 its competitiveness.<\/p>\n<p>Furthermore, the administration has promoted\u2062 the transition to\u200b renewable energy\u2062 sources, such as wind and \u200csolar, while \u200dneglecting the potential of\u2063 the oil\u200c and gas industry to create jobs and contribute to economic growth.\u2063 The oil\u200d and\u2064 gas sector has long been a\u2064 major\u2064 contributor to the U.S.\u200d economy, providing millions\u2064 of jobs and generating \u2063significant \u200btax revenue for local and federal governments.<\/p>\n<p>The\u2063 assault on the oil and gas industry by the Biden administration \u2063is \u2064concerning\u200c for \u200bseveral reasons. Firstly, it undermines U.S.\u2064 energy independence, as\u2062 the \u200ccountry will become more dependent on foreign \u200coil\u2064 and gas imports. This not only threatens national security but also exposes the\u200b U.S. to the volatility of global energy markets.<\/p>\n<p>Secondly, the actions taken by \u200bthe administration will result in \u200djob losses and\u200d economic decline\u200c in regions\u200d heavily dependent on the oil and\u2063 gas industry. States such as Texas, Oklahoma, and Louisiana will be \u2062particularly affected, as their economies \u200bare closely tied\u200d to the success of the oil and\u2063 gas \u2063sector.<\/p>\n<p>Lastly, the assault\u200b on the oil and\u200d gas industry undermines the potential \u200cfor innovation\u200c and technological advancements in\u2062 the sector. Rather than stifling the industry, \u2064the government should \u2063encourage investment in research and development to enhance the industry&#8217;s environmental sustainability.<\/p>\n<p>In conclusion, the \u2063Biden administration&#8217;s aggressive actions \u2063against the\u200b oil and gas industry have already caused significant \u2062damage and threaten to further harm\u200b the sector&#8217;s operations.\u200d These actions not only undermine U.S. energy independence and national security but also result in \u200djob losses \u200dand economic \u2062decline. It is crucial for the government to reconsider its approach and recognize the importance of a balanced energy \u2063strategy that includes both traditional and renewable sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration has implemented several measures against the oil and gas industry, such as terminating leases, suggesting higher drilling tariffs, and enforcing unprofitable greenhouse gas emission policies. These actions have negatively impacted the sector&#8217;s functionality. In May, the Institute for Energy Research (IER) released a report analyzing President Joe Biden&#8217;s actions.<\/p>\n","protected":false},"author":186,"featured_media":2039431,"comment_status":"open","ping_status":"closed","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":[543],"tags":[],"class_list":["post-2039430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"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\/2039430","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\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2039430"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2039430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2039431"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2039430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2039430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2039430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}