Wednesday, March 8, 2023

Alaska

President Joe Biden is weighing whether to approve a massive oil and gas drilling project in Alaska that has the bipartisan backing of the state’s congressional delegation but is drawing fierce opposition from environmental groups. A decision is expected to come sometime this week. This will provide 180,000 barrels per day. Biden previously lifted sanctions on Venezuela oil and the US now imports 100,000 barrels per day from Venezuela. The Alaska oil is clean compared to oil from Venezuela and the production process is much cleaner. From the standpoint of the environment US oil is much better and the profits will go to US companies. This seems like a no brainer.

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