Apart from its legislative and regulatory policies, the administration is doing everything it can to hamper the production of conventional fuels. The standard, and oft used, countermeasure is to seek judicial relief from nonsensical overreach, which takes a lot of time and money, but several states this week showed a more creative side, and it’s a good thing in my book. At the Federalist, Tristan Justice details the administration’s misguided actions which prompted the response:
President Joe Biden has been aggressive in quickly curtailing oil and gas development as promised on the campaign trail. Beyond the illegal suspension of new leases on federal land, the prohibition of new drilling sites on major untapped reserves, and higher fees in the pipeline for new energy exploration permits, however, it’s the administration’s pressure on Wall Street to refuse investment in the capital-intense industry that’s dealt the biggest blow to producers, spiking prices at the pump in the process…
