Again... remember what Biden did as one of his first executive order....

well yeah...who's gonna sign a lease when you know the Demafascist are taking over, who want nothing more then to destroy US oil companies.....smart business would be, not to sign the lease with those folks coming into office.
The leases last for 10 years (minimum)....

The leases were on top of the fact that major oil companies that do business in the US have like 2 billion barrels in proven reserves
 
The leases last for 10 years (minimum)....

The leases were on top of the fact that major oil companies that do business in the US have like 2 billion barrels in proven reserves
Cool....great to have a lease for a piece of land, but if you can't explore oil and take oil out of it, seems like a waste of money. Oil companies know that.
 
The leases last for 10 years (minimum)....

The leases were on top of the fact that major oil companies that do business in the US have like 2 billion barrels in proven reserves
Even if that is a fact, do you imagine that you can pump oil out of the ground at any rate you like?
 
Cool....great to have a lease for a piece of land, but if you can't explore oil and take oil out of it, seems like a waste of money. Oil companies know that.

When the "demfascists" as you put it leave office...the leases they own will (if you buy into the idiotic dogma you guys live by)will be priceless!!!!!

So....why not buy them and shelve them and wait for the massive payoff?

I'm sure you'll have some sort of colorful and hilarious explanation.
 
When the "demfascists" as you put it leave office...the leases they own will (if you buy into the idiotic dogma you guys live by)will be priceless!!!!!

So....why not buy them and shelve them and wait for the massive payoff?

I'm sure you'll have some sort of colorful and hilarious explanation.
Well obviously you don't know much about business. Because cash is still king...why tie yourself to a contract now, knowing you can't use it, it will just cost you.....geez...

Hey, why don't you give me a $1K a month for the next 4 years....hey you have the lease to the land, but you can't do anything with it....

Real smart dumbass
 

Biden to halt new oil and gas leases on federal lands Wednesday​

CNN)President Joe Biden is set to order a moratorium on new oil and gas leases on federal lands on Wednesday, according to a person familiar with his plans.
The move is expected to be the most prominent in a series of climate actions the President will take on Wednesday, including elevating the climate crisis as a national security issue.
So what does this mean to our national security?
A) No longer energy independent...
U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years.
Thus, the U.S. attained the long-held goal of “energy independence”—

Biden's response?
President Biden pleaded with OPEC this week to pump more oil. Those pleas were rebuffed, and late in the week Energy Secretary Jennifer Granholm called on oil-producing nations to immediately increase crude supplies so people won’t be hurt by high prices this winter.

So Biden says let's make the USA energy DEPENDENT on OPEC, Russia, et.al. for energy!

And of a few moments ago... USA looking to move troops out of Ukraine and guess what that means to oil importation from Russia?
I thought he made himself elementary school girls bathroom monitor and hair sniffer.
 

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