The Maine Wire By
Americans are already struggling under the weight of crippling inflation, from skyrocketing gas prices to exorbitant grocery bills. And even if few Americans thought the Biden Administration had a plan to combat these things—especially considering the fact that their spending and regulatory problems directly created them—I’m betting most Americans didn’t think the President would take obvious actions to immediately make things worse either.
Yet, that is what he did this week, canceling one of the most important oil and gas leases at the country’s disposal in the middle of the night. This action will halt the potential to drill for oil in over 1 million acres on the Cook Inlet in Alaska, marking a devastating loss for those trying to increase the oil supply in the country.
A top official with the American Petroleum Institute, the country’s largest oil and gas trade association, called the cancellation of the Cook Inlet lease “another example of the administration’s lack of commitment to oil and gas development in the US.”
According to The Hill, “canceling the sale would be in keeping with political promises President Joe Biden made in the name of halting global warming.”
