Biden and Big Oil Had a Truce. Now, It’s Collapsing.
Companies were enjoying record profits. But the president’s decision to pause permits for gas export terminals has whipped up industry support, and donations, for Donald Trump.
Mr. Biden had imposed restrictions on drilling as part of his ambitious climate agenda, but he also approved an enormous $8 billion oil project in Alaska. The United States had become the world’s leading exporter of natural gas, and no other country in history was pumping more crude. The industry was enjoying record profits.
Then, in January, Mr. Biden paused new permits for export facilities for liquefied natural gas.
Steve Goldsmith <sgoldsmith84@gmail.com>
Wed, Jul 24, 8:41 AM (22 hours ago)
to Michael
What role did big oil play? Did the building trades play a role? - they are the stand ins for big oil.
Good questions Steve.
NYT reported in May:
Biden and Big Oil Had a Truce. Now, It’s Collapsing.
Companies were enjoying record profits. But the president’s decision to pause permits for gas export terminals has whipped up industry support, and donations, for Donald Trump.
Mr. Biden had imposed restrictions on drilling as part of his ambitious climate agenda, but he also approved an enormous $8 billion oil project in Alaska. The United States had become the world’s leading exporter of natural gas, and no other country in history was pumping more crude. The industry was enjoying record profits.
Then, in January, Mr. Biden paused new permits for export facilities for liquefied natural gas.
That decision galvanized oil and gas companies against Mr. Biden, according to industry lobbyists. https://www.nytimes.com/2024/05/21/climate/trump-campaign-oil-gas.html
As far as I know, the building trades backed Biden 100% and will do the same for Harris.