healthmyths
Diamond Member
- Sep 19, 2011
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Look at the attached.It's up across the entire world and it started in 2020.
Trump signed more leases in 2019, than 2018, than 2017 than Obama did in 2016,2015,2014,2013 and so forth.
So as I pointed out with the "relevant" FACTS it takes years i.e. ....the timeline from lease to production can vary from four to 10 years depending on water depth at the lease location, the drilling depth needed to reach the target reservoir, the distance from shore and from infrastructure, the geological characteristics of the reservoir and complexity of production facilities design. An Offshore Timeline | Coastal Review
The point for your feeble brain is that it takes years from when a federal lease is signed. So Trump's oil production increases were smaller due to Obama signing fewer leases! Then as the FACTS point out Trump SIGNED MORE leases versus Obama fewer leases and the AFFECT is Biden's production increased. BUT with Biden signing FEWER leases MEANS less production in the next few years!
Now why this is important is this FACT... again you don't provide but I do!
Oil production from federal lands and waters provides approximately 24% of total U.S. oil production.
Additionally, natural gas production from federal lands and waters is approximately 11% of total U.S. natural gas production.
Drilling Down on Federal Leasing Facts
The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry.
