Thursday, June 30, 2022

Biden Takes Aim at America's Largest Oil Field, Threatens to Stop Production, Sending Gas Prices Soaring

The Environmental Protection Agency is preparing to cite the United States' largest oil field for violating ozone pollution standards, a move that will threaten the end of oil and gas production in the region.

Will directly affect the Permian Basin, the largest oil field in the United States, accounting for 95,000,000 gallons of gasoline per day or 40% of the oil produced domestically.

This would be just one more move from Biden's administration to impact the lives of every American by reducing the fuel supply and causing gas prices to soar well beyond Biden's record of $5 per gallon.

"Even as Americans are struggling with $5 gas and record-breaking inflation, team Biden continues to double down on their political commitments to 'end all fossil fuels,'" former EPA Chief of Staff Mandy Gunasekara told reporters.

Ongoing regulatory uncertainty common to Biden's ever-increasing climate change initiatives is likely to disincentivize new permits and drilling in the oil field.

President Biden's EPA seeks to stop gas production in the Permian Basin.

Abbott called out the hypocrisy of the Biden White House, which has claimed empathy for Americans struggling to afford gas.

https://www.thegatewaypundit.com/2022/06/biden-takes-aim-americas-largest-oil-field-threatening-stop-production-sending-gas-prices-soaring/ 

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