Biden's last-minute executive action on offshore oil and gas drilling could land him in hot water as an energy expert warns of potential harm to American consumers.
Mike Sommers, president and CEO of the American Petroleum Institute, called on Congress to fix Biden's costly move after announcing a ban on new drilling and more. Oil and natural gas development More than 625 million acres of U.S. coastal and coastal waters.
“Unfortunately, these kinds of midnight regulations that are being put in place by the Biden administration are going to undermine American energy security and hurts American consumers. That's not what America voted for,” Sommers asserted.
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Biden's executive action comes Two weeks before his term expires.
“My decision reflects what coastal communities, businesses and beachgoers have long known: dredging off these shores can cause irreversible damage to places we love and is unnecessary to meet our nation's energy needs,” the president said in a statement. . “It's not worth the risk. As the climate crisis threatens communities across the country, and as we transition to a clean energy economy, now is the time to protect these coasts for our children and grandchildren.”
The president also invoked the Outer Continental Shelf Lands Act of 1953, which meant President-elect Trump His ability to withdraw actions may be limited.
Somers revealed that Congress has “various options that they could pursue” to overturn Biden's efforts, arguing that the new moratorium would “harm consumers.”
“The Congressional Review Act is certainly one of them. But they could pursue it through the reconciliation process because of the royalties earned offshore from developing these resources, because their federal resources would be extraordinary,” Sommers explained.
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He told host Maria Bartiromo that Congress needs to act fast and make sure it's the “top priority” of their time. First few days on Capitol Hill.
“The American people certainly did not vote for less energy development in the United States. In fact, energy was on the ballot during this election and energy won,” Somers said.
Biden's oil and gas drilling ban comes after his decision to ban some natural gas water heaters from the market, a move Somers said will “hit the most vulnerable among us.”
“The sad thing about it is that these are the people who can least afford it. They have to pay the most for these new water heaters that they have to install and restore in their residences,” he revealed.
Sommers argued that not only new natural gas water heaters are prohibited Regressive Taxes on AmericaBut so are Americans.
“It's a sad day, I think, because the poor will be hurt the most by this ban,” he said.
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Fox News' Daniel Wallace contributed to this report