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In it, Trump wrote that, “increased domestic energy production on Federal lands and waters strengthens the Nation’s security and reduces reliance on imported energy,” adding that, “low energy prices, driven by an increased American energy supply, will benefit American families and help reinvigorate American manufacturing and job growth.”
The Biden administration, by contrast, has sought to crack down on fossil fuels as part of its fight against climate change, with President Joe Biden taking steps like blocking the Keystone XL pipeline project and issuing an executive order that froze new oil and gas leases on federal lands and waters.
Oil prices have soared to multi-year highs since Biden took office, while the price of gasoline has soared to record highs, driving the Biden administration to take steps like pressuring OPEC to boost production, release oil reserves from the strategic stockpile, call on refiners to raise output, and demand that companies expand production under existing leases.
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