Since the topic being discussed is the prices we are paying at the pump, granting leases for offshore drilling is irrelevant because after those leases are issued , it will take about 3 years to bring an offshore drilling platform online. In some cases it has taken as much as 5 years.Biden has cut off-shore drilling.....and that's not considered federal land.
Leases and drill permits are two different things.
Oil and mining severance taxes are collected by states.Also...the taxes and intangible costs of setting up a well for drilling are going up.
But saying that the federal government has 9000 open leases that aren't being used doesn't mean what it sounds like.
If an oil producer had a lease with the federal government in the past and the well on that lease isn't producing....they won't renew the lease. Biden simply renewed leases on spent wells, or non-producing wells to make it look like he isn't cutting off the supply.
Biden announced a 5 year offshore drilling plan on July 1. The draft of plan has not been complete so details are not available.
For years drilling on federal lands has been slow, not because of delays in leases and permits but because after exploration, the potential profit from the wells are not high enough to justify the cost. On most federal land offered for lease, the cost of oil would have be about $90 to be profitable. This is not due to the cost the wells but cost of infrastructure needed for storage and transport of the product.
What taxes are going up oil? There is no federal tax but there is a 15% depletion allowance plus intangible drilling costs deduction available on income tax. That is in addition to a long list of other cost deductions that most companies use. State taxes are pretty reasonable. .09% in Oklahoma, 4.6% in Texas plus there are deductions.
The bottom line is that it is not the administration that limits drilling but rather the potential profits vs the cost. There is huge untapped reserve of oil both on land and offshore. The limiting factor is the cost of getting it out of the ground, transporting it and selling at a price that is profitable.
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