• 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

Newsom says he kept in touch with Charlie...

September 17, 2025

Obama calls Charlie Kirk’s death ‘horrific,’ blames Trump...

September 17, 2025

Turning Point USA expands its merchandise collection with...

September 17, 2025

Patel spars with House Democrats on allegations he’s...

September 17, 2025

Rand Paul clashes with top Democrat over CDC...

September 17, 2025

FLASHBACK: Mamdani labeled Kirk a ‘far-right extremist’ who...

September 17, 2025

House Dem warns both sides on ‘road to...

September 17, 2025

‘This is the turning point:’ TPUSA says campus...

September 17, 2025

Senate Republicans brand looming crisis a ‘Schumer Shutdown’...

September 17, 2025

Donald Trump’s first vice president snags new job

September 17, 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

  • Goldman Sachs upgrades nCino to Buy with $42 price target: Should you invest?

    August 14, 2024
  • Trump targets Iranian oil with sanctions, increasing pressure on Islamic Republic to make deal on nukes

    May 8, 2025
  • Oil and natural gas: Oil is back on the positive side

    March 20, 2025
  • Netanyahu says Israel has killed Hamas’ Gaza chief Mohammed Sinwar

    May 28, 2025
  • Dogecoin and Shiba Inu: New Support and Resistance Levels

    October 10, 2024

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

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,060)
  • Investing (634)
  • Stock (926)

Latest Posts

  • Biden defends controversial autopen use for mass clemency decisions in NYT interview: ‘A whole lot of people’

    July 14, 2025
  • Trump, China’s Xi speak on phone ahead of inauguration

    January 17, 2025
  • Joe Biden poses with Hunter’s Chinese business associates in newly surfaced photos: ‘Incredibly damning’

    December 27, 2024

Recent Posts

  • Malls are using new restaurants to draw consumers as shopping centers reinvent themselves

    December 20, 2024
  • Harris touts growing up in middle class while pushing mandate most ‘won’t be able to afford’: economist

    October 22, 2024
  • Thune lays groundwork for nuclear option in Senate fight over Trump nominees

    September 8, 2025

Editor’s Pick

  • ‘Absurd’: White House blasts law firm that helped fuel Russia hoax after challenging Trump order

    March 13, 2025
  • Trump freezes aid to South Africa, promotes resettlement of refugees facing race discrimination

    February 8, 2025
  • Iran threatens to hit US bases in the Middle East: What is the threat level?

    June 13, 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