I find Biden's position on this to be odd given that he also agreed to a Russian oil pipeline recently (see https://nypost.com/2021/05/26/biden-waiving-sanctions-on-rus... or https://www.cnn.com/2021/05/25/politics/biden-defends-decisi...). The reality is we need oil. It is energy dense and supports a significant portion of our economy and individual lives. Oil pipelines can have spills, but they are comparatively rare. Now this oil will be transported through some other means, at a higher cost to consumers, with potentially greater environmental risk.

I am also deeply concerned that the withdrawal of permits signals an extreme degree of instability in America's business environment, which future investors and entrepreneurs have to now think about. Why would anyone invest here if they can't be sure what the government will allow or disallow next, especially with the fast-moving leftward political shift? A weaker business environment has numerous secondary implications. If the US economy is weaker, while other economies are getting stronger, our influence in the world will be impacted (economically, militarily, culturally).