Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Energy groups celebrate Trump’s latest move to unleash Alaska drilling

by June 4, 2025
June 4, 2025
Energy groups celebrate Trump’s latest move to unleash Alaska drilling
NEWYou can now listen to Fox News articles!

Conservative energy leaders are celebrating President Donald Trump’s latest effort to unleash American drilling. 

The Department of the Interior announced a proposal Monday to rescind President Joe Biden’s restrictions on oil and gas development in the National Petroleum Reserve in Alaska. 

Interior Secretary Doug Burgum said a Biden-era 2024 Bureau of Land Management (BLM) rule that restricted energy development for more than half of the 23 million acres on Alaska’s North Slope ignored the Naval Petroleum Reserves Production Act of 1976. 

‘The National Petroleum Reserve (NPR), created by Congress over a century ago to secure America’s energy supply, supports responsible oil development on 13 million acres,’ Frank Lasee, president of Truth in Energy and Climate, said in a statement shared with Fox News Digital. 

‘President Biden’s drilling ban in Alaska undermined energy security, increasing reliance on foreign oil, raising gasoline prices and fueling inflation through higher transportation costs,’ Lasee added. ‘Resuming drilling puts economic growth and energy independence ahead of climate ideology in a place almost no regular American will ever visit.’

Consistent with Trump’s executive orders, the proposed revision reverts to regulations that were in place prior to May 7, 2024, which Lasee called a ‘commendable’ prioritization of ‘American energy needs and economic well-being while adhering to the law.’

‘President Biden never should have halted congressionally sanctioned oil drilling in Alaska,’ said Sterling Burnett, director of the Arthur B. Robinson Center on Climate and Environmental Policy at the Heartland Institute. ‘Trump is to be applauded, both for putting Americans’ energy needs and our economic well-being first and for following the law by opening these areas back up for production.’

According to the Department of Interior, the 2024 rule provisions lacked ‘a basis in the Naval Petroleum Reserves Production Act’ and undermined the BLM’s congressional obligation to oversee timely leasing in the region. 

‘President Trump’s move to restore drilling in Alaska’s Arctic region is a bold and necessary step toward reclaiming American energy independence,’ Jason Isaac, CEO of the American Energy Institute, said. 

Trump vowed to unleash American energy on the campaign trail in 2024 and signed executive orders on the first day of his second term to rescind Biden-era climate policies. 

‘By reversing Biden’s disastrous restrictions on 13 million acres, Trump is unleashing the abundant resources that power our economy, lower energy costs and strengthen national security. This is a victory for American workers, consumers and allies who rely on stable, affordable energy,’ Isaac added. 

Steve Milloy, senior policy fellow at the Energy & Environment Legal Institute, called the announcement ‘more good news from the Trump administration in rolling back more of Biden’s war on fossil fuels.’

‘Promises made. Promises kept. But the Trump administration will need to go further to give investors confidence that the Alaska leases will actually be viable. Radical climate activists will resort to the courts and scare off investors. There likely needs to be a legislative solution to that,’ Milloy added.

Trump and his Republican allies are seeking to roll back some of Biden’s green energy initiatives through budget reconciliation on Trump’s ‘big, beautiful bill.’

‘The National Petroleum Reserve (NPR) was created more than 100 years ago specifically to provide a supply of oil for America’s energy security. That energy security can be achieved by responsibly developing our oil reserves, including in the Gulf of America, our vast shale oil deposits in America’s heartland and, now, thankfully, the 13 million acres of the NPR that are going to be developed,’ said Gregory Whitestone, CO2 Coalition executive director.

‘Continuation of the Biden administration’s drilling ban would have resulted in a greater reliance on foreign supplies of oil (and) increases in gasoline prices and the inflationary spiral across all sectors of the American economy from increased transportation costs,’ Whitestone added. 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
GOP senators express ‘concerns,’ ‘skepticism’ over Trump’s spending bill after Musk rant
next post
UK steelmakers avoid immediate 50% US tariff, but face growing uncertainty as deal hangs in the balance

You may also like

Speaker Johnson endorses bipartisan tax bill as ‘conservative,’...

February 1, 2024

Gretchen Whitmer criticized for apparent night out while...

February 28, 2023

FBI director warns of jihadist attack in US,...

June 5, 2024

Republicans react to first GOP debate performances: ‘Vivek...

August 24, 2023

Microsoft Teams Link For Kari Lake Election Contest...

December 13, 2022

Facebook Confirms Ties to US Military and Military-Linked...

November 29, 2022

“We Get Maced, Beaten for Singing the National...

November 19, 2022

Trump administration defends US and Israeli sovereignty with...

June 5, 2025

Judge orders Trump to pay $1M for ‘frivolous’...

January 21, 2023

Trump signs agreements with Qatar on defense and...

May 14, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Iran faces August deadline to accept comprehensive nuclear deal or face renewed UN sanctions

      July 17, 2025
    • Congress Should Restore the Proper Incentives for Public-Interest Litigation

      July 16, 2025
    • House Republicans float grilling Joe, Jill Biden as former aides stonewall cover-up probe

      July 16, 2025
    • Republicans fixated on Epstein are getting ‘duped’ by Democrats, Trump insists

      July 16, 2025
    • Copper Tariffs Are the New Steel Tariffs

      July 16, 2025
    • New Evidence Underscores the Value of Tobacco Harm Reduction

      July 16, 2025

    Categories

    • Business (8,499)
    • Investing (2,127)
    • Politics (16,075)
    • Stocks (3,214)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved