BREAKING NEWS: Gas prices reach new record high as GOP senators blame Biden for holding production back
will allow the sale of E15 gasoline – gasoline that uses a 15% ethanol blend – across the country this summer. Biden has also moved to release 1 million barrels of oil per day from the Strategic Petroleum Reserve for the next 6 months. The president is also calling on Congress to make companies pay fees on idled oil wells and non-producing acres of federal lands, aiming to incentivize new production.
Yet critics have claimed that Biden's actions on energy policies have created a "supply problem" in the market.to Commerce Secretary Gina Raimondo calling for the National Marine Fisheries Service to quickly issue permits required to bring additional production online from existing offshore federal oil and gas leases.
"It is unacceptable that agency miscalculations have restricted access to safe, secure, and reliable domestic oil and gas production through substantial, unnecessary, and arbitrary permitting delays," they added. Within his first week in office, Biden signed an executive order temporarily suspending new oil and gas leases on federal lands. The administrationthe new leasing last month following court challenges against the ban. The administration is appealing a ruling in which Judge James Cain, a Trump appointee, struck down the ban.
Steve Milloy, a former Trump-Pence EPA transition member and founder of JunkScience.com, blamed the president for a lack of U.S. oil production."I blame Biden for all lack of production. He has scared away investment," Milloy told FOX Business last week. He suggested that the president will find "any excuse to not drill. They even tried to use the social cost of carbon decision to stop leasing.
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