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Thursday, May 23, 2024

World is ‘laughing at’ the US – Alaska governor

Deliberately restricting oil and gas drilling “makes absolutely no sense,” Mike Dunleavy has told Fox News

The US government’s decision to cancel oil and gas drilling licenses and forbid further drilling will “hobble” the country’s economy and makes no sense except to advance the green agenda, Alaska Governor Mike Dunleavy has declared.

President Joe Biden’s administration on Wednesday canceled seven ten-year oil and gas drilling licenses granted to the Alaska Industrial Development and Export Authority (AIDEA) by former President Donald Trump. Biden’s Department of the Interior followed up this decision by issuing a proposal to forbid future leases on more than 40% of the National Petroleum Reserve in Alaska.

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Biden said that these two measures “will help preserve our Arctic lands and wildlife,” adding on Saturday that he would “continue to take bold action to meet the urgency of the climate crisis and to protect our lands and waters for generations to come.”

Speaking to Fox News on Thursday, Dunleavy said that “This makes absolutely no sense from any perspective unless your goal is to drive up the cost of oil and gas so much that it makes certain renewables cheaper.”

Dunleavy, a Republican, claimed that Russia, China, Saudi Arabia, and Iran are “laughing” at Biden’s energy policy.

“They’re laughing together at the United States of America,” the governor said. “I can’t find anywhere in, really the history of nation-states or empires, where they worked at hobbling themselves to such a degree that’s happening currently with this administration. So 2024 can’t come soon enough for most of us.”

Gasoline prices have soared under Biden, reaching a record average high of just over $5 per gallon last June, up from around $2 when the president took office.

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Prices began to rise when Biden signed an executive order in January 2021 banning new oil and gas licenses on federal land and spiked as the conflict in Ukraine rocked global energy markets. Ahead of last year’s midterm elections, Biden attempted to stabilize gasoline prices by draining the US’ strategic petroleum reserve, and by unsuccessfully lobbying the Saudi-led Organization of Petroleum Exporting States to cut production.

The AIDEA argues that Biden has no legal right to rescind existing drilling licenses and told Fox News that it intends to challenge the decision in court.