So, which is official administration policy? Does President Biden want more oil production and more gasoline to be refined from it, or are the actions by his agencies, now directly targeting the nation’s most prolific oil-producing region, his real goal?
To Texas Governor Greg Abbott, the answer seems obvious. “The EPA’s process could interfere in the production of oil in Texas which could lead to skyrocketing prices at the pump by reducing production, increase the cost of that production, or do both,” The Governor wrote Biden this week. “Your administration’s announced action is completely discretionary. Thus, you have the power to stop it.”...
2022 in Odessa, Texas. U.S. President Joe Biden imposed a ban on Russian oil, the world’s third-largest oil producer, which may mean that oil producers in the Permian Basin will need to pump more oil to meet demand. The Permian Basin is the largest petroleum-producing basin in the United States. Governor Abbott is correct to point out that the President has the power to rein his regulators in, but, as the, Mr.
So, here we have a crystal clear example of a “tool” that Mr. Biden has available to him to positively impact consumer costs on gasoline. All he has to do is issue an order instructing Mr. Goffman and the EPA to stand down. The clear history of this presidency indicates no one should hold their breath waiting for that to happen.Follow me on
Completely false. Many oil-and-gas plays already overlap with nonattainment areas. The result is better air quality but no reduction in production. The entire state of Penn. is already subject to ozone nonattainment. It recorded strongest gas-industry growth of any state in 2021.
25% of our oil comes from the Permian Basin. Biden, NOW IS NOT THE TIME to shut it down! Oil from the US is ALWAYS better than from outside the US. Get back to being energy independent, then implement new fuels like Nuclear which is cheap, clean, safe and reliable. GasPrices
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