Biden administration resumes oil and gas leases on federal lands as gasoline prices soar

[Chainsawmassacre]

My first thought upon reading the headline was, great news! Biden has finally accepted the reality that we absolutely have to drill baby drill for the foreseeable future and his so called green energy agenda is literally up in smoke. Reading further into the article though I'm not so sure and this might be a PR-CYA stunt so he can tell people he's done all he can to lower gas prices while actually doing nothing. Time will tell I guess.


In a statement to Fox News regarding the decision, the American Petroleum Institute expressed concern over whether the move will add "new barriers to increasing energy production."

"U.S. energy resources are the envy of the world and a long-term strategic asset that strengthens our national security and fuels our economy," said Frank Macchiarola, senior vice president of policy, economics, and regulatory affairs for API. "We are pleased to see the Interior Department finally announce a restart to the long-delayed onshore leasing program required under the law, but we are concerned that this action adds new barriers to increasing energy production, including removing some of the most significant parcels."

Biden administration resumes oil and gas leases on federal lands as gasoline prices soar

The Department of Interior announced Friday that it will resume the sale of oil and gas leases on federal land beginning next week.

www.foxnews.com

 

[CaughtInThe]

My first thought upon reading the headline was, great news! Biden has finally accepted the reality that we absolutely have to drill baby drill for the foreseeable future and his so called green energy agenda is literally up in smoke. Reading further into the article though I'm not so sure and this might be a PR-CYA stunt so he can tell people he's done all he can to lower gas prices while actually doing nothing. Time will tell I guess.


In a statement to Fox News regarding the decision, the American Petroleum Institute expressed concern over whether the move will add "new barriers to increasing energy production."

"U.S. energy resources are the envy of the world and a long-term strategic asset that strengthens our national security and fuels our economy," said Frank Macchiarola, senior vice president of policy, economics, and regulatory affairs for API. "We are pleased to see the Interior Department finally announce a restart to the long-delayed onshore leasing program required under the law, but we are concerned that this action adds new barriers to increasing energy production, including removing some of the most significant parcels."

Biden administration resumes oil and gas leases on federal lands as gasoline prices soar

The Department of Interior announced Friday that it will resume the sale of oil and gas leases on federal land beginning next week.

www.foxnews.com

South Carolina

$3.735

 

[j brown's body]

It's irrational to be held hostage by the petroleum industry.

 

[Gateman_Wen]

My first thought upon reading the headline was, great news! Biden has finally accepted the reality that we absolutely have to drill baby drill for the foreseeable future and his so called green energy agenda is literally up in smoke. Reading further into the article though I'm not so sure and this might be a PR-CYA stunt so he can tell people he's done all he can to lower gas prices while actually doing nothing. Time will tell I guess.


In a statement to Fox News regarding the decision, the American Petroleum Institute expressed concern over whether the move will add "new barriers to increasing energy production."

"U.S. energy resources are the envy of the world and a long-term strategic asset that strengthens our national security and fuels our economy," said Frank Macchiarola, senior vice president of policy, economics, and regulatory affairs for API. "We are pleased to see the Interior Department finally announce a restart to the long-delayed onshore leasing program required under the law, but we are concerned that this action adds new barriers to increasing energy production, including removing some of the most significant parcels."

Biden administration resumes oil and gas leases on federal lands as gasoline prices soar

The Department of Interior announced Friday that it will resume the sale of oil and gas leases on federal land beginning next week.

www.foxnews.com

It's a mistake. Now he looks like he's admitting he was wrong to do it in the first place, and he wasn't.

 

[Gateman_Wen]

South Carolina

$3.735

Filled up at $3.53 here last night.

 

[Gateman_Wen]

It's irrational to be held hostage by the petroleum industry.

I've said over and over, nationalize the oil industry.

 

[neil]

Better late than never to realize that government doesn't solve problems in the economy, it only gets in the way. Hopefully this realization will stick.

 

[Chainsawmassacre]

I've said over and over, nationalize the oil industry.

And then drill baby drill?

 

[Chainsawmassacre]

Better late than never to realize that government doesn't solve problems in the economy, it only gets in the way. Hopefully this realization will stick.

Hopefully this death bed conversion is real.

 

[PoS]

It's irrational to be held hostage by the petroleum industry.

In that case, stop using your gasoline powered car and stop buying things since they are being brought in by trucks and container ships that are powered by... gasoline.

 

[Common Sense 1]

Filled up at $3.53 here last night.

High price compared to one year ago!

 

[Gateman_Wen]

And then drill baby drill?

Huh? I've never said any such thing.

 

[CaughtInThe]

I've said over and over, nationalize the oil industry.

It's national security really.

 

[Gateman_Wen]

High price compared to one year ago!

But dropping steadily for the first time since well before Joe Biden took office.

 

[Gateman_Wen]

It's national security really.

Yes, among other things.

 

[ttwtt78640]

It's a mistake. Now he looks like he's admitting he was wrong to do it in the first place, and he wasn't.

He was wrong and still is with this decision to put about 20% of federal lands previously available back into play - the catch is that the leasing cost was increased by 50% (which many might say is price gouging). A link with a few more details follows:

Biden administration to resume leasing for oil and gas drilling on federal lands

The move comes as President Joe Biden seeks new ways to help lower gas prices.

www.nbcnews.com

 

[Gateman_Wen]

He was wrong and still is with this decision to put about 20% of federal lands previously available back into play - the catch is that the leasing cost was increased by 50% (which many might say is price gouging). A link with a few more details follows:

Biden administration to resume leasing for oil and gas drilling on federal lands

The move comes as President Joe Biden seeks new ways to help lower gas prices.

www.nbcnews.com

He was not wrong, but he is wrong to be backing up.

 

[poweRob]

In that case, stop using your gasoline powered car and stop buying things since they are being brought in by trucks and container ships that are powered by... gasoline.

That's pretty much what he was saying.

 

[Chainsawmassacre]

He was wrong and still is with this decision to put about 20% of federal lands previously available back into play - the catch is that the leasing cost was increased by 50% (which many might say is price gouging). A link with a few more details follows:

Biden administration to resume leasing for oil and gas drilling on federal lands

The move comes as President Joe Biden seeks new ways to help lower gas prices.

www.nbcnews.com

Well there it is. PR-CYA-smoke and mirrors.


"major reduction in the number of acres offered and an increase in the royalties companies must pay to drill."

 

[Paradoxical]

It's irrational to be held hostage by the petroleum industry.

Where do the power plants get their energy from so you can have lights?

 

[ttwtt78640]

He was not wrong, but he is wrong to be backing up.

I understand that the green dream is to stop using fossil fuels, but to switch from X to Y requires that Y actually exists. Simply trying to make X more expensive and/or scarce does not do that.

 

[Paradoxical]

It's irrational to be held hostage by the petroleum industry.

You are not held hostage. You can live in a tent, amirite?

 

[Chainsawmassacre]

But dropping steadily for the first time since well before Joe Biden took office.

fixed it for you.

But dropping steadily for the first time since Joe Biden took office.

 

[EMNofSeattle]

It's irrational to be held hostage by the petroleum industry.

It’s even worse to be held hostage by big green.

 

[Chainsawmassacre]

It’s even worse to be held hostage by big green.

Germany tried that and ended up Putin's hostage.