Biden Takes Aim at America’s Largest Oil Field, Threatens to Stop Production, Sending Gas Prices Soaring
The Environmental Protection Agency (EPA) is preparing to cite the United States’ largest oil field for violating ozone pollution standards, a move that will threaten the end of oil and gas production in the region.
According to the Texas Governor’s Office, the proposed regulations will directly affect the Permian Basin, the largest oil field in the United States, accounting for 95,000,000 gallons of gasoline per day or 40% of the oil produced domestically.
This would be just one more move from Biden’s administration to impact the lives of every American by reducing the fuel supply and causing gas prices to soar well beyond Biden’s record of $5 per gallon.
“Even as Americans are struggling with $5 gas and record-breaking inflation, team Biden continues to double down on their political commitments to ‘end all fossil fuels,'” former EPA Chief of Staff Mandy Gunasekara told reporters Wednesday.
According to a report by Bloomberg, regulators would have three years to propose solutions to the violations. However, ongoing regulatory uncertainty common to Biden’s ever-increasing climate change initiatives is likely to disincentivize new permits and drilling in the oil field.
Texas Governor Greg Abbott reacted strongly to the proposal and called the EPA to drop the proposal.