The Biden administration moved Monday to indefinitely block 16 million acres of future oil and gas leases in federal lands and waters in the Alaskan Arctic. Its decision reflects the aggressive climate agenda that seeks to forcefully supplant traditional energy industries with less efficient green energy alternatives through his inflationary spending policies.
At the same time, the Biden administration has approved ConocoPhillips’s $8 billion Willow project, a project that will deliver a mere 180,000 barrels of oil per day, generating roughly $17 billion in total tax revenue for the federal government over 30 years. Even though adding more oil production in a vacuum a good thing, the Willow project still produces far less than what America should be producing if fossil fuels were truly a priority.
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