• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Energy groups celebrate Trump’s latest move to unleash Alaska drilling

by June 4, 2025
written by June 4, 2025
NEWYou can now listen to Fox News articles!

Conservative energy leaders are celebrating President Donald Trump’s latest effort to unleash American drilling. 

The Department of the Interior announced a proposal Monday to rescind President Joe Biden’s restrictions on oil and gas development in the National Petroleum Reserve in Alaska. 

Interior Secretary Doug Burgum said a Biden-era 2024 Bureau of Land Management (BLM) rule that restricted energy development for more than half of the 23 million acres on Alaska’s North Slope ignored the Naval Petroleum Reserves Production Act of 1976. 

‘The National Petroleum Reserve (NPR), created by Congress over a century ago to secure America’s energy supply, supports responsible oil development on 13 million acres,’ Frank Lasee, president of Truth in Energy and Climate, said in a statement shared with Fox News Digital. 

‘President Biden’s drilling ban in Alaska undermined energy security, increasing reliance on foreign oil, raising gasoline prices and fueling inflation through higher transportation costs,’ Lasee added. ‘Resuming drilling puts economic growth and energy independence ahead of climate ideology in a place almost no regular American will ever visit.’

Consistent with Trump’s executive orders, the proposed revision reverts to regulations that were in place prior to May 7, 2024, which Lasee called a ‘commendable’ prioritization of ‘American energy needs and economic well-being while adhering to the law.’

‘President Biden never should have halted congressionally sanctioned oil drilling in Alaska,’ said Sterling Burnett, director of the Arthur B. Robinson Center on Climate and Environmental Policy at the Heartland Institute. ‘Trump is to be applauded, both for putting Americans’ energy needs and our economic well-being first and for following the law by opening these areas back up for production.’

According to the Department of Interior, the 2024 rule provisions lacked ‘a basis in the Naval Petroleum Reserves Production Act’ and undermined the BLM’s congressional obligation to oversee timely leasing in the region. 

‘President Trump’s move to restore drilling in Alaska’s Arctic region is a bold and necessary step toward reclaiming American energy independence,’ Jason Isaac, CEO of the American Energy Institute, said. 

Trump vowed to unleash American energy on the campaign trail in 2024 and signed executive orders on the first day of his second term to rescind Biden-era climate policies. 

‘By reversing Biden’s disastrous restrictions on 13 million acres, Trump is unleashing the abundant resources that power our economy, lower energy costs and strengthen national security. This is a victory for American workers, consumers and allies who rely on stable, affordable energy,’ Isaac added. 

Steve Milloy, senior policy fellow at the Energy & Environment Legal Institute, called the announcement ‘more good news from the Trump administration in rolling back more of Biden’s war on fossil fuels.’

‘Promises made. Promises kept. But the Trump administration will need to go further to give investors confidence that the Alaska leases will actually be viable. Radical climate activists will resort to the courts and scare off investors. There likely needs to be a legislative solution to that,’ Milloy added.

Trump and his Republican allies are seeking to roll back some of Biden’s green energy initiatives through budget reconciliation on Trump’s ‘big, beautiful bill.’

‘The National Petroleum Reserve (NPR) was created more than 100 years ago specifically to provide a supply of oil for America’s energy security. That energy security can be achieved by responsibly developing our oil reserves, including in the Gulf of America, our vast shale oil deposits in America’s heartland and, now, thankfully, the 13 million acres of the NPR that are going to be developed,’ said Gregory Whitestone, CO2 Coalition executive director.

‘Continuation of the Biden administration’s drilling ban would have resulted in a greater reliance on foreign supplies of oil (and) increases in gasoline prices and the inflationary spiral across all sectors of the American economy from increased transportation costs,’ Whitestone added. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
GOP senators express ‘concerns,’ ‘skepticism’ over Trump’s spending bill after Musk rant
next post
Expert speaks out on ‘perfect solution’ to federal hiring issues creating national security concerns

related articles

Congress unveils $900B defense bill targeting China with...

December 8, 2025

Chechen leader threatens Zelenskyy amid drone strike, echoes...

December 8, 2025

Trump’s Kennedy Center Honors overhaul delivers star-studded lineup,...

December 7, 2025

Judge rules evidence linked to James Comey’s ally...

December 7, 2025

Kelsey Grammer calls Trump ‘one of the greatest...

December 7, 2025

Rosie O’Donnell’s Trump obsession continues unabated from Ireland...

December 7, 2025

DAVID MARCUS: Trump’s aggression toward Venezuela a warning...

December 6, 2025

Teenage cancer patient’s final fight becomes law as...

December 6, 2025

State-level AI rules survive — for now —...

December 6, 2025

Trump signs off on nationwide vaccine schedule review...

December 6, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Tight-lipped House Dems still divided on Biden, leave closed-door meeting without consensus

    July 10, 2024
  • Planned Parenthood appears to scrub Instagram as fears of DOGE cuts loom

    February 15, 2025
  • Jerome Powell asks inspector general to review Fed’s $2.5B renovation project

    July 15, 2025
  • Trump tangles with reporter on Iran preemptive strike: ‘Is that a serious question?’

    December 16, 2024
  • White House says it didn’t create a banned word list, leaves language choices up to agencies

    March 18, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,986)
  • Investing (654)
  • Stock (963)

Latest Posts

  • Walz’s family relied on Social Security when his father died. Many don’t know kids are eligible for benefits.

    August 23, 2024
  • Here’s how the US and Israel could thwart Iran’s nuclear efforts under a new Trump administration

    November 23, 2024
  • Harris lacked confidence, presidential demeanor in first TV interview: body language expert

    August 30, 2024

Recent Posts

  • Harris world blame game begins after crushing loss to Trump

    November 6, 2024
  • US DOJ charges Hamas leaders over ‘terrorist atrocities’ in October 7 Israel attack

    September 3, 2024
  • TEVI TROY: Celebrating 50 years of presidential mockery

    November 9, 2025

Editor’s Pick

  • Top House Democrat leaves Schumer in the cold amid left’s disarray on shutdown drama

    March 14, 2025
  • 4 signs that show Trump’s foreign policy remains staunchly anti-Russian

    March 11, 2025
  • Netanyahu broadcasts United Nations message into Gaza accusing world leaders of appeasing ‘evil’

    September 26, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock