Biden Energy and Infrastructure Restrictions Defeat the Russia-Ukraine War Goals

Biden Energy and Infrastructure Restrictions Defeat the Russia-Ukraine War Goals

Oil rigs extract petroleum in the Los Angeles area community of Culver City, California. (Photo by ... [+] David McNew/Getty Images) The Biden administration has reinstated restrictive policies under the guise of environmental protections that impact the construction of major infrastructure projects in the United States, including pipelines and highways. The timing could not be worse. Federal government regulatory intervention is on the rise. The new rule will require federal agencies to examine the climate impact of infrastructure projects under the National Environmental Policy Act (NEPA), a 1970 law that requires the government to assess the environmental outcomes. Critics say that the Biden administration took these measures to reverse his predecessor's policy liberalization, leading to an unprecedented increase in America's hydrocarbon production. A bicyclist rides past a price board at a gas station in San Francisco, Monday, April 4, 2022. (AP ... [+] Photo/Jeff Chiu) This move has come under scrutiny amid the skyrocketing prices for oil and natural gas domestically and internationally and the need for the US to ramp up liquefied natural gas (LNG) exports to Europe as it reduces its dependence on Russian gas. Last year, the EU imported 27% of its oil and more than 40%