Biden's anti-energy policies set to hit Alaska production

 American Action News:

President Joe Biden is on the precipice of moving to shut down new oil drilling activity on millions of acres of Alaskan land, according to Bloomberg.

Biden is reportedly days away from finalizing a plan to restrict oil drilling on nearly half of the 23 million acres known as the National Petroleum Reserve-Alaska (NPR-A) in the state’s North Slope region, according to Bloomberg. While the move will not imperil ConocoPhillips’ massive Willow Project that Biden greenlit in 2023, energy companies fear that the final plan will make it almost impossible to build infrastructure that takes advantage of the region’s abundant oil reserves.

Energy executives are also worried that the Biden administration’s plan may actually end up being more aggressive than previously expected, according to Bloomberg. The policy would effectively bar new leases on nearly 11 million acres of land.

The Department of the Interior (DOI), the agency that oversees the BLM, has suggested that the finalized plan for NPR-A will not affect existing leases in the region, but the initial proposal does not include specific language to that end, according to Bloomberg. Instead, the proposal would give the federal government broader remit to limit or deny access to existing leases sales.
...

By limiting the supply Biden is pushing up the price of oil and gas to consumers. 

See also:

How It Started... How It's Going: Energy prices soar as Biden pursues green agenda

Energy costs are way up under President Biden, who is seeking re-election in 2024

Big Green is a big mistake. 

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