Biden’s COP27 agenda killing oil and gas

(WO) — Within days of cruising to re-election victory over a Democrat challenger, Texas Railroad Commission Chairman Wayne Christian took intention at President Joe Biden’s “anti-fossil fuels” agenda, saying his vitality technique is to ship U.S. vitality manufacturing abroad.

Christian

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“Today, President Joe Biden touted his anti-fossil fuel agenda to his fellow elitists at the United Nations’ (UN) Climate Change Conference (COP27) in Egypt,” started a sharply worded news launch from Christian’s workplace at Texas’ high oil and gas regulator.

“The president boasted his administration’s successful battle against oil and natural gas through their international commitments to “green” initiatives, stifling financial investment to fossil fuels, the passage of the ill-named Inflation Reduction Act, and the establishment of new methane rules,” the discharge mentioned.

The launch included a press release attributed to Christian:

“Texans gained’t stand for Biden’s conflict on oil and gas, and I’ll battle tooth-and-nail to defend our state’s manufacturing. With vitality inflation excessive at virtually 20%, Biden’s vitality agenda is a catastrophe from pleading for extra manufacturing from overseas nations to draining the strategic petroleum reserve to extra subsidies towards wind and photo voltaic and now threatens to close down the Permian Basin

“The president’s vitality technique is merely transport dependable vitality manufacturing abroad, which jeopardizes nationwide safety and drives up prices to shoppers simply to advantage sign that he’s progressive on local weather change. The Permian, not OPEC, is the reply to low cost, plentiful and dependable vitality,” Christian mentioned.

The president’s “empty rhetoric,” in accordance with Christian’s announcement, “follows years of bad energy policies from shutting down Keystone XL to halting federal permitting production to new laws and regulations aimed at destroying domestic oil and gas production.”

Texas produces 43% of the nation’s oil and 25% of its gas, and the trade represents a few third of the state’s financial system with practically two million workers and pays a mean of about $12 billion in annual state and native taxes and royalties.

Christian’s announcement highlighted the advantages of that revenue to profit the state’s instructional and healthcare establishments and infrastructure. It additionally emphasised that the United States has turn into the world’s high exporter of LNG this yr, and Texas is accountable for virtually half of that manufacturing.