Columbus, OH – As Americans face ever higher prices at the gas pump, The Buckeye Institute filed public comments detailing how a proposed U.S. Bureau of Land Management rule would lead to higher energy prices and risk U.S. energy security. 

“Americans are already paying record prices at the pump, and the Biden administration’s proposed rule will only increase prices further, making it harder for struggling Americans to make ends meet,” said Trevor Lewis, an economic research analyst with The Buckeye’s Institute’s Economic Research Center. “To avoid this disaster, the Biden administration should pull this proposed rule or offer permanent royalty tax relief to American oil and gas producers to reverse the rule’s harmful effects.”

This proposed rule is another example of the Biden administration’s foolish rush to impose expensive and heavily subsidized green energy policies that will lead to a decline in America’s energy production and America’s energy security. A decline in U.S. energy production will result in higher prices at the pump and higher energy bills for Americans.

Trevor Lewis and M. Ankith Reddy, economic research analysts with the Economic Research Center at The Buckeye Institute, authored the comments. The Buckeye Institute recently led a coalition of free-market organizations in filing public comments on the U.S. Environmental Protection Agency’s proposed rule for new and existing fossil fuel-fired power plants. 

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