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The truth is, the U.S. hasn’t been drilling much, if at all, in the areas where Biden has prohibited new oil and gas exploration. In 1969, there was an enormous oil spill near Santa Barbara ...
President Joe Biden is planning to ban the development of offshore oil and gas across 625 million acres of United States coastal waters in the Atlantic, Pacific and eastern Gulf of Mexico.
The reason is simple: Biden was scared of the political fall-out from higher oil prices. After all, record-setting $5 per gallon gas in June 2022 caused one of the biggest hits to Biden’s ...
In Biden’s case, many of the dynamics that supercharged oil and gas industry profits during his presidency were not directly related to his administration’s policies: Russia’s invasion of ...
ConocoPhillips’s federal leases predate Biden’s tenure, going all the way back to 1999. That reportedly led the White House to conclude it lacked the legal authority to reject the plan.
The Biden administration has issued more permits for oil and gas drilling on public land per month than the Trump administration did in its first three years, according to a new analysis of ...
The Biden administration has bought back 59 million barrels after the 2022 sale at an average price of less than $76 a barrel, far lower than the $95 a barrel it sold oil in 2022.
Biden is far from the first president to release some of the barrels; both Republicans and Democrats have done so, particularly after hurricanes or other natural disasters, or even to generate ...