- Mar 28, 2018
- Reaction score
I'm not.Across the USA, only about 9% of oil and gas production occurs on federal land (its much higher in federal waters). But New Mexico and Wyoming have the highest fraction of federal land in their oil and gas properties, and their budget is especially sensitive to oil and gas revenue.
How much oil/gas produced in one year?
U.S. oil production reached 12.0 million barrels per day (b/d) in December 2018 and 12.8 million b/d in December 2019
Biden's moratorium on leasing federal lands and waters for oil and gas drilling is expected to have “no effects” until 2022, the Energy Information Administration (EIA) said this week.
President Biden’s temporary moratorium on leasing federal lands and waters for oil and gas drilling is expected to have “no effects” until 2022, the Energy Information Administration (EIA) said this week.thehill.com
Maybe Biden and his idiots ought to explain this then:
De Haan told “Mornings with Maria" that “the limitations on new drilling could eventually become an issue.”
President Biden’s energy actions have included temporarily suspending the issuance of oil and gas permits on federal lands and waters and the cancelation of the Keystone XL oil pipeline project in a series of orders aimed at combating climate change.
De Haan also pointed to Biden's “massive infrastructure plan” and noted the concern of “how to pay for it” could impact the price at the pump.
So folks if you were a gasoline buyer and you saw that the supply was going to be diminished due to Biden's cutting exploration onGasBuddy analyst Patrick De Haan said consumers could see a national average of $3 per gallon this year.www.foxbusiness.com
Federal land that currently provides 9% of all oil/gas, would you logically conclude that the wholesale price of gas would be increasing and therefore... you'd be raising the retail price accordingly?
And if the supply is reduced by Biden's dumb ass moves, where will the gas buyer get increasing demand for gas? Foreign.
Remember "Barack Obama said he wants the U.S. to become one of Brazil’s “best customers”
We have glut of oil on the market. I am surprised that this level of ignorance about oil production persists.