If implemented, this gift to climate activists would not meaningfully lower the consumption of fluid hydrocarbons or the associated emission of greenhouse gases. It would only reinstate U.S. dependence on other countries for oil and gas, strengthen those suppliers’ influence over energy prices—not to mention the effect it would have on American employment, incomes, and the revenue of state and federal governments.
Biden Oil Leasing Ban Undermines Climate Progress
President-elect Joe Biden’s promised end to oil and gas leasing of federal land would impose self-defeating costs to consumers and governments and abate climate change little, if at all. It would, however, illustrate the often-overlooked futility of green obstructionism. “To immediately make progress on his climate agenda,” Biden’s campaign website says, the President-Elect will take several “Day 1” steps that include “banning new oil and gas leasing on public lands and waters.”
If implemented, this gift to climate activists would not meaningfully lower the consumption of fluid hydrocarbons or the associated emission of greenhouse gases. It would only reinstate U.S. dependence on other countries for oil and gas, strengthen those suppliers’ influence over energy prices—not to mention the effect it would have on American employment, incomes, and the revenue of state and federal governments.
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If implemented, this gift to climate activists would not meaningfully lower the consumption of fluid hydrocarbons or the associated emission of greenhouse gases. It would only reinstate U.S. dependence on other countries for oil and gas, strengthen those suppliers’ influence over energy prices—not to mention the effect it would have on American employment, incomes, and the revenue of state and federal governments.
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