Biden Off The DEEP End, Though This Time You Might Agree

The US Biden administration is likely to move forward with a large-scale oil drilling project in Alaska.

ConocoPhillips has proposed three of five drilling sites in Alaska’s National Petroleum Reserve as part of its Willow Project, which is expected to produce 600 million barrels of oil over its 30-year lifespan.

The project has been previously approved by the Trump administration, but a judge ordered the government to conduct a more rigorous environmental analysis.

The project is forecast to produce 180,000 barrels of oil per day, create over 2,500 construction jobs and 300 long-term jobs.

It could deliver up to $17 billion in revenue for the US federal government, Alaska and local communities, some of which are Indigenous.

However, the project has faced opposition from environmental groups and climate-focused Democratic lawmakers, who say it would increase global emissions and counter progress the administration has made on climate change.

Takeaways:

The Biden administration is set to push ahead with a major oil drilling project in Alaska that will produce 600 million barrels of oil over a 30-year lifespan.

ConocoPhillips has proposed three of the five drilling sites in Alaska’s National Petroleum Reserve as part of its Willow Project, which could produce up to 180,000 barrels of oil per day and create more than 2,500 construction jobs.

However, the project has faced opposition from environmental groups and climate-focused Democratic lawmakers, who argue it would increase global emissions and counter progress the administration has made on climate change.

The project is expected to deliver up to $17 billion in revenue for the US federal government, Alaska and local communities, some of which are Indigenous.

The decision on the Willow Project is a test for the Biden administration on its climate and energy security agenda, according to Sen. Dan Sullivan, R-Alaska.

Commentary:

The decision by the Biden administration to push ahead with the Willow Project in Alaska is welcome news for the US oil and gas industry, which has been struggling to stay afloat during the pandemic.

The project will create thousands of jobs and deliver billions in revenue for the US federal government, Alaska, and local communities, providing a much-needed boost to the economy. The project is also an important step towards energy security for the US, which has been dependent on foreign oil for too long.

While environmental groups and climate-focused Democratic lawmakers have opposed the project, it is important to note that the project has been approved under rigorous environmental analysis.

Furthermore, the oil and gas industry has made great strides in reducing its carbon footprint, and many companies are investing in renewable energy sources.

The Biden administration should be commended for striking a balance between environmental concerns and economic growth.

Source https://www.foxnews.com/politics/biden-expected-approve-enormous-oil-drilling-project-blow-climate-activists-complete-betrayal