Two days into office and the Biden Administration is following through on campaign promises to roll back American oil production and global warming inducing carbon output via executive action.
Louisiana Oil and Gas Association interim president Mike Moncla said the industry is not happy about it.
“Between the Keystone Pipeline, the moratorium on offshore permits, even adding an additional federal fuel tax to gasoline, he’s certainly not making any friends in my industry,” said Moncla, who added the increase in the cost of oil could have some beneficial effects for Louisiana industry.
Moncla said the industry has been anticipating these moves. November 2nd, the day before the Presidential election, oil was 37 dollars a barrel. It is now 55 dollars a barrel. He said that will end up hitting Louisianans in the pocketbook.
“Biden, the things that he is going to do will push the price of oil up and if the price of oil is up then the refineries have to pay more for the oil and then the price of gasoline goes up,” said Moncla.
Moncla says the administration is attempting to push Americans away from oil and gas and towards green and electric energy.
“Is there an ulterior motive for this administration that is going to keep the price of gasoline high and get people to move into other areas?” asked Moncla.
The Biden Administration stated these steps are crucial to reducing the nation’s carbon output and limiting catastrophic levels of global temperature increase that climate scientists say will occur by the end of the century if world carbon output is not lowered significantly.
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