Biden Admin’s Huge Bond-Price Hike Would Kneecap Oil, Gas Production on Federal Lands
President Joe Biden attacks U.S. corporations for raising prices, but a new proposed regulation from the Bureau of Land Management would make it more difficult and expensive to produce oil and gas on federal lands, raising the price of American oil and gas—and increasing inflation.
That’s why Rep. Lauren Boebert, R-Colo., has sponsored a bill to defund the regulation.
Although America has been a net energy exporter since 2019, and produced a record 13.3 million barrels of oil per day in December, this hard-won progress is now under direct threat from the bureau’s proposed rule.
The rule would raise the costs of oil and gas exploration, driving small companies out of the oil business and limiting exploration opportunities for larger companies.
Boebert’s Restoring American Energy Dominance Act seeks to nullify the BLM’s damaging leasing rule and prevent the Biden administration from pursuing any similar policies. If signed into law, the bill would benefit American consumers and small businesses—and national security—by ensuring our........
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