US President lying to both camps about oil drilling

US President lying to both camps about oil drilling

While Joe Biden told climate protesters that drilling for oil in federal lands must be shut down, a few days earlier he complained about high fuel prices, slamming oil companies for not drilling enough.

ECONOMY NOVEMBER 9. 2022 06:30

„No more drilling,” Joe Biden declared at a public event when a climate activist in New York challenged him on oil drilling. In response to Biden, the questioner pointed out that there has been new drilling in federal lands and water in Alaska and the Gulf of Mexico. The president reacted to this by saying that he himself did not initiate any new oil drilling in the United States. Drilling permits were issued by the previous president, Donald Trump, and he wants to eliminate Trump’s mistake, Biden claimed at the event.

Joe Biden tried to shift responsibility to the previous administration just days after he spoke about oil companies needing to drill more at another event.

„We haven’t slowed them down at all. They should be drilling more than they’re doing now. If they were drilling more, we’d have more relief at the pump,”

the US president said at a campaign rally in New Mexico, speaking about the reasons for record-high fuel prices. The president complained during his campaign speech in New Mexico that the oil industry had not met its commitment to the American people by charging too much for fuel and making billions of dollars in profits.

„Either invest in America, or pay higher taxes for your excess profits and face restrictions,”

stated the president, who apparently did not tell the truth at this event either, just like when he claimed that he encouraged oil companies to increase extraction.

Biden, however, has acted several times during his first two years in office to lower the production of oil and gasoline in the United States. He has leased fewer acres for oil and gas in his first two years than any other administration since the end of World War II.

In January 2021, Biden also issued an executive order freezing oil and gas leases, a decision that has caused public outcry in the US. He also suspended oil production leases in the Arctic National Wildlife Refuge, after former President Donald Trump opened up the vast oil reserves for production. Biden also ordered the halt of the Keystone XL oil pipeline, which would have moved 830,000 barrels of crude oil from Canada to the United States.

It comes as little surprise that oil companies are less motivated to invest in long-term oil production since the president campaigned on the idea of ending fossil fuels.

“No more subsidies for the fossil fuel industry. No more drilling including offshore. No ability for the oil industry to continue to drill period,”

Biden said, back in March 2020.

Meanwhile, the president has recently lobbied in Saudi Arabia for the postponement of a reduction in the country’s oil production. He wanted to ensure that production will not be reduced until the mid-term election, although the plan was supported by all member states of the OPEC+ group.

ECONOMY

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joe biden, lie, oil industry, usa