Report Details Numerous Steps Biden Admin Took Against Oil and Gas Industry

Gasoline prices have jumped 61 percent under the Biden administration while petroleum reserves are at its lowest level since 1983.
Report Details Numerous Steps Biden Admin Took Against Oil and Gas Industry
Department of Energy building is seen in Washington, on July 22, 2019. Alastair Pike/AFP via Getty Images
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The Biden administration has taken numerous steps against the oil and gas industry in the country, including ending leases, proposing raising tariffs for drilling, and imposing “uneconomic” greenhouse gas emission policies, dealing a blow to a proper functioning of the sector.

In May, the Institute for Energy Research (IER) published a report discussing President Joe Biden’s plans to make American energy “harder to produce and more expensive to purchase.” On Sept. 19, the IER updated the report (pdf), detailing the 175 measures taken by the administration that harm the U.S. oil and gas sector.
Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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