Friday, July 1, 2022

Biden's EPA Has America's Biggest Oil Field In Its Regulatory Crosshairs

The proposed regulations take aim at 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, according to the Texas Governor's Office.

"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 The Daily Caller News Foundation.

Abbott's letter comes after the EPA announced last week that it was considering reversing a 2017 ruling that the basin was in compliance with air pollution standards.

Abbott does not dispute the increased air pollution in his letter, but rather focuses on the practical implications of constraining domestic oil supply at a time of record high prices.

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

As President Biden has turned to Venezuela and Saudi Arabia to make up for the global oil supply deficit following Russia's invasion of Ukraine, president of the Texas Independent Producers & Royalty Owners Association, Ed Longanecker wonders why the administration is considering reducing the much cleaner Texas oil, noting specifically that "Venezuela's flaring intensity was over 2000 percent higher than the Permian Basin."

Governor Abbott's office and the EPA did not immediately respond to TheDCNF's request for comment.

https://www.shorenewsnetwork.com/2022/06/30/bidens-epa-has-americas-biggest-oil-field-in-its-regulatory-crosshairs/ 

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