{"id":154417,"date":"2024-03-16T12:46:24","date_gmt":"2024-03-16T16:46:24","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=154417"},"modified":"2024-03-16T12:46:24","modified_gmt":"2024-03-16T16:46:24","slug":"team-biden-approves-500-million-for-oil-drilling-in-bahrain","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=154417","title":{"rendered":"Team Biden approves $500 million for oil drilling-in Bahrain"},"content":{"rendered":"<figure id=\"attachment_154418\" aria-describedby=\"caption-attachment-154418\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.azuse.cloud\/wp-content\/uploads\/2024\/03\/Where-US-gets-most-of-its-oil-from.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-154418 size-medium\" src=\"https:\/\/www.azuse.cloud\/wp-content\/uploads\/2024\/03\/Where-US-gets-most-of-its-oil-from-300x239.jpg\" alt=\"\" width=\"300\" height=\"239\" srcset=\"https:\/\/www.azuse.cloud\/wp-content\/uploads\/2024\/03\/Where-US-gets-most-of-its-oil-from-300x239.jpg 300w, https:\/\/www.azuse.cloud\/wp-content\/uploads\/2024\/03\/Where-US-gets-most-of-its-oil-from-417x333.jpg 417w, https:\/\/www.azuse.cloud\/wp-content\/uploads\/2024\/03\/Where-US-gets-most-of-its-oil-from.jpg 575w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-154418\" class=\"wp-caption-text\"><span style=\"color: #0000ff;\"><strong>The US gets the majority of its oil from the Western Hemisphere. (RealClearEnergy)<\/strong><\/span><\/figcaption><\/figure>\n<p>Team Biden&#8217;s enthusiasm for shutting down non-green energy production in the U.S. appears to not extend to overseas development in this area. The U.S. Export-Import Bank approved $500 million in loan guarantees for gas and oil development in Bahrain. This bank approved the loan to increase oil production and gas availability.<\/p>\n<p><span style=\"color: #0000ff;\"><b>From The Daily Caller:<\/b><\/span><\/p>\n<blockquote><p>The Biden administration is providing financing for oil development in the Middle East after taking numerous steps to restrict domestic production, according to Bloomberg News.<\/p>\n<p>The U.S. Export-Import Bank &#8212; a nominally independent government entity that aims to boost the American economy &#8220;by facilitating the export of U.S. goods and services&#8221; &#8212; approved a $500 million loan guarantee for oil and gas development in Bahrain on Thursday, according to Bloomberg News. The funding follows the Biden administration&#8217;s decisions to release the most restrictive offshore oil and gas leasing schedule in American history and cancel seven previously-issued oil and gas leases in Alaska, among other actions intended to rein in domestic oil production.<\/p>\n<p>The Export-Import Bank&#8217;s loan guarantee will &#8220;increase the production of oil and the availability of gas to meet the future energy demands&#8221; of Bahrain, the institution told Bloomberg News. The $500 million of financing was about five times larger than what some lawmakers were anticipating.<\/p>\n<p>Six Democratic lawmakers, including Sens. Jeff Merkley of Oregon and Bernie Sanders of Vermont, wrote a Tuesday letter to the Export-Import Bank in which they implored the agency to not move forward with $100 million of financing because of potential negative ramifications for the climate. After the $500 million loan guarantee was announced, Merkley proceeded to describe the Export-Import Bank as a &#8220;rogue agency,&#8221; according to Bloomberg News.<\/p><\/blockquote>\n<p>The Daily Caller provides additional information <a href=\"https:\/\/dailycaller.com\/2024\/03\/15\/biden-administration-500-million-bahrain-domestic-oil\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Team Biden&#8217;s enthusiasm for shutting down non-green energy production in the U.S. appears to not extend &hellip; <a title=\"Team Biden approves $500 million for oil drilling-in Bahrain\" class=\"hm-read-more\" href=\"https:\/\/www.azuse.cloud\/?p=154417\"><span class=\"screen-reader-text\">Team Biden approves $500 million for oil drilling-in Bahrain<\/span>Read more<\/a><\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98,238,387,613],"tags":[],"class_list":["post-154417","post","type-post","status-publish","format-standard","hentry","category-global-warming","category-government-incompetence","category-international-affairs","category-joe-biden"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/154417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=154417"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/154417\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=154417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=154417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=154417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}