“He’s walking the tightrope,” said energy industry analyst Parker Fawcett with S&P Global Platts, noting that Keystone and ANWR came without huge political costs because they were aimed at future projects.
“Those easy wins don t necessarily have huge impacts on the market today,” Fawcett said. “He is definitely backing off taking drastic action that would rock the market. . What you’re going to see is U.S. oil production is going to continue to rebound.”
Haaland has sought to tamp down Republican concern over potential constraints on the industry. She said during a House Natural Resources Committee hearing last month that there was no plan right now for a permanent ban.”
Despite climate pledge, fracking worries federal drilling approvals up under Joe Biden
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U S drilling approvals increase despite Biden climate pledge
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Oil drilling digs deeper under Biden s watch
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KXLY
July 12, 2021 3:34 PM By MATTHEW BROWN
Associated Press
Posted:
Updated:
Charlie Riedel
FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. The Biden administration has approved thousands of drilling permits since taking office despite a campaign pledge to end fracking on federal land.
Mead Gruver
FILE - In this Feb. 26, 2021, file photo, an oil well is seen east of Casper, Wyo. Federal officials have approved thousands of new oil and gas drill permits since President Joe Biden took office in January, disappointing environmentalists who want a ban against drilling on federal lands.
Evan Vucci