Ted Cruz: The Biden administration’s antagonism toward oil and gas is hurting Texans | tedcruz
Workers on an oil drilling rig setup in the Permian Basin oil field on March 12, 2022, in Stanton, Texas. The Permian Basin is the largest petroleum-producing basin in the United States.A year ago, Russian hackers breached the network of the biggest pipeline in the country and demanded a ransom to unlock the system. Within 90 minutes, the pipeline was shut down for the first time in 57 years, and the transport of 2.
The Biden administration’s assault on oil and gas production began during his campaign when he pledged during the debates: “. No more drilling, including offshore. No ability for the oil industry to continue to drill. Period.” Ironically, the Biden administration halted permitting on new natural gas interstate pipelines and exports, discouraging investment and production in this crucial resource that powers 40% of the nation’s electricity and greatly lowers carbon dioxide emissions when it replaces coal and other fossil fuels.
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