The U.S. oil industry has a message to President Joe Biden’s recent climate executive orders involving the oil and gas sector—restricting America’s oil production would increase its reliance on foreign imports of oil with more emissions than the crude pumped from America’s oilfields. Over the past two weeks, President Biden rescinded the Presidential Permit for the Canada-U.S. cross-border oil pipeline Keystone XL and suspended permitting for new oil and gas drilling leases on federal lands and waters. The U.S. oil industry argues that the suspension of new drilling on federal lands and waters would undermine environmental progress as it would increase U.S. dependence on foreign oil imports from countries with lower environmental standards and replace oil produced with fewer emissions in the U.S. with higher-emission crude pumped elsewhere. “With a stroke of a pen, the administration is shifting America’s bright energy future into reverse and setting us on a […]