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    Home»World Economy»Biden Bans Oil Drilling Before Exiting Office
    World Economy

    Biden Bans Oil Drilling Before Exiting Office

    Team_Prime US NewsBy Team_Prime US NewsJanuary 7, 2025No Comments3 Mins Read
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    President Joe Biden has invoked the Outer Continental Shelf Lands Act to stop Donald Trump from allowing new oil and pure fuel leases. Offshore drilling in federal waters alongside the East and West coasts of the US, japanese Gulf of Mexico, and parts of the northern Bering Sea in Alaska at the moment are forbidden.

    Biden boasted that this measure would shield 625 million acres of federal waters, however in actuality, this can be a last-ditch effort to stop incoming President Donald Trump from reversing the whole lot Biden did that made America depending on overseas vitality. “Joe Biden clearly desires excessive fuel costs to be his legacy,” Karoline Leavitt, a spokesperson for Trump, posted on X.

    This political stunt will price American jobs and trigger hassle for Trump, who has said that vitality independence is a high precedence. “’Suspending leases in Alaska’s 1002 Space is in direct battle with the 2017 Tax Cuts and Jobs Act, by way of which Congress mandates an oil and fuel leasing program be established on the non-wilderness Coastal Plain, and ordered at the least two lease gross sales by 2024.,” Alaskan Senator Lisa Murkowski said. “As well as, The Act particularly states that the aim of the 1002 space of ANWR is oil and fuel improvement. The oil and fuel leasing program established by the Trump Administration meets the authorized mandates required by Congress together with imposing a framework with a spread of environmental safeguards which might be efficiently guiding manufacturing elsewhere in northern Alaska.”

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    Utter pettiness as it’s clear why the president waited till the ultimate two weeks of his time period to invoke this order. The 1953 Outer Continental Shelf Lands Act (OCSLA) prevents presidents from overturning such bans with out congressional motion. In 2019, throughout Trump’s first time period, a federal choose declared that presidents could not reverse such bans. Trump believes he has the correct to “unban it instantly” on “day one” in workplace, however the legalities of OSCLA stay unclear.

    Throughout his presidency, Biden almost depleted America’s petroleum reserves. He begged overseas nations to extend their provide as he compelled America to buy that oil at a markup. The battle in Ukraine solely amplified the vitality disaster as world demand skyrocketed. But he refused to again away from the local weather change agenda even when that meant suffocating the American financial system.

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    Biden can pander to his Agenda 2030 local weather change supporters and vilify Trump additional by claiming he doesn’t care in regards to the surroundings. Regardless of efforts regularly failing, Biden nonetheless believes that the US can attain a net-zero greenhouse fuel financial system by 2050. Demand has not waned, and America should import oil if it can not derive its personal. Biden has spent his total time period undermining the American financial system, starting with the vitality sector. He revoked the Keystone XL pipeline deal on day one, and on the eleventh hour, he’s marking his exit with one final blow to American vitality.



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