New York Times: “Fact-Checking Day 3 of the Republican National Convention”
RFF Fellow Brian Prest's work is used to support fact-checking during the 2024 Republication National Convention.
While there could be an economic effect to decisions by the Biden administration, like offering fewer new oil and gas leases on federal lands and waters, studies do not suggest a current link between Mr. Biden’s policies and prices at the pump or supermarket. But it is unclear how stark that impact would be. One study by Resources for the Future, a Washington think tank, found that if the government were to completely end all new oil and gas production on federal lands between now and 2050 — something that has not happened— it would lead to an increase of 1 to 2 percent in the price of oil.
