A Democrat that controls the White House is widely expected to prohibit certain mineral exploration methods, just months after admitting he lied about phasing out one of the nation’s most lucrative industries.
Speculation is growing that President Joe Biden will announce plans to stop new oil and gas leases from being granted on federally owned land and waters.
The Biden administration has already used an executive order to temporarily suspend oil and gas permits on federal lands and waters for 60 days.
This means Interior Department agencies and bureaus will have no authority to issue drilling leases or permits until the Democrats finish reviewing legal and policy implications of the federal minerals leasing program, according to a Department of Interior memo obtained by Reuters. The order does not limit existing operations.
Reuters revealed the Democratic Party is targeting the U.S. oil industry because activities release carbon dioxide into the atmosphere that theoretically causes a long-term change in average weather patterns.
“The order appeared to be a first step in delivering on newly sworn-in Biden’s campaign pledge to permanently ban new drilling on federal acreage,” it reported. “Federal leases account for close to 25 percent of the nation’s crude oil output, making them a big contributor to energy supply but also to America’s greenhouse gas emissions.”
Biden’s order appears to directly contradict former President Donald Trump’s policy to encourage more oil, gas, and coal production on federal acreage.
“We are going to have the greatest economy in the world but, if you want to kill the economy, get rid of your oil industry,” the former president said at the final presidential debate.
The order also contradicted Biden’s earlier promise at the same debate not to introduce a new ban on fracking.
“I do rule out banning fracking because the answer we need—we need other industries to transition to get to, ultimately, a complete zero emissions by 2025,” he said. “What I will do with fracking, over time, is make sure that we can capture the emissions from the fracking—capture the emissions from gas. We can do that and we can do that by investing money into—it is a transition to that.”
Biden was previously caught admitting he would permanently end the oil industry.
“I would transition away from the oil industry,” he said at the final 2020 presidential debate. “That is a big statement because the oil industry pollutes significantly.”
Biden claimed the federal government should stop giving concessions to oil producers because renewable energy companies are not receiving anything.
“It has to be replaced by renewable energy over time, over time,” he said according to ABC. “I stopped giving to the oil industry federal subsidies. You do not give federal subsidies to solar and wind. Why do we give it to the oil industry?”
Then President Trump revealed this statement was incorrect because the federal government has previously granted federal subsidies to multiple renewable energy producers.