In his 1st year Biden did everything he could to stop domestic oil and gas production, as he said he would on numerous times. So, someone tell me, has he reversed any of those actions? What has he done to open up the process of oil and gas production and make it easier? You know, like it was prior to his inauguration? Did he un-cancel the XL Pipeline? On his 1st day in office, Biden revoked Trump's EO 13783 to streamline the oil and gas leasing processes and unburden the development of US energy sources. Has he reinstituted that? Why not?
It takes 140 days or so for the feds to approve a drilling permit versus two for the state of Texas. Why is that? What has Biden done to speed up that process? Producers are developing leases more slowly since they don’t know when more will be available. Offshore leases were snapped up at a November auction because companies expect it might be the last one.
When did Biden stand at the White House and declare that his Administration will support the development of U.S. oil and gas? Has he rescinded all regulations designed to curb production, development and consumption and announce a moratorium on new ones? When did he expedite permits, and encourage investment?
The reason there are 9,000 undeveloped oil leases is because companies do not want to invest the massive amounts of money and manpower necessary to drill for oil when from Day 1 the Biden administration has constantly threatened to impose new or increasing taxes, fees and regulations on the industry, and “working like the devil” through all the financial institutions to cut off their funding and “bankrupt them.” With the ban on lease sales on federal lands, Biden has shown the U.S. oil industry through his actions that he does not want to do business with them. He would rather import oil from OPEC, Venezuela and Iran than to further develop the U.S. oil industry. His actions speak louder than his words.
