Since oil prices is driving inflation. Here is a good article on oil production and the business along with government policies effecting oil prices.

[HandleTheTruth]

America Is the World’s Largest Oil Producer. So Why Is Losing Russia’s Oil Such a Big Deal?

The U.S. might be “energy independent,” but it still can’t control production.

www.theatlantic.com

They go into policy and how oil wells and fracking have slow response to demand causing the spike in oil prices.

 

[struth]

Xiden ans the dembots are driving inflation

 

[HandleTheTruth]

Xiden ans the dembots are driving inflation

No it takes six to eight months to get a well drilled to first drop.

If you read more and thought more for yourself you would be better off.

The Republican establishment wants you to be lazy.

 

[struth]

No it takes six to eight months to get a well drilled to first drop.

If you read more and thought more for yourself you would be better off.

The Republican establishment wants you to be lazy.

xiden and the dembots have had power for over 6 months

 

[HandleTheTruth]

xiden and the dembots have had power for over 6 months

You don't know the business it seems. And don't know the effect of the record bankruptcies under Trump.

Oh well you can lead a horse to water but you can't make him drink.

 

[eagle1462010]

The Atlantic is a leftist rag mag.

Shut down the planet hiding in your freaking closet for high survival rate virus and this is what happens. You get negative oil and only the big boys survive. Then they manipulate the market........as all the competition is wiped out by design.

Then you get a Croney President to attack anymore production...........and it's a gift horse to them as they drive the price through the roof.

Here's an ASSUALT ON OIL.

Federal Onshore and Offshore Oil and Gas Leasing Pause and Review - Harvard Law School

This page tracks the federal oil and gas leasing pause and related litigation. For more on these leasing programs, see our Onshore Leasing Page and Offshore Leasing Page. If you’re a reporter and would like to speak with an expert on this rule, please email us. Quick Take The IRA makes it hard...

eelp.law.harvard.edu

BIDEN ADMINISTRATION​

Read More
Jan. 20, 2021 DOI issues Secretarial Order No. 3395, announcing that the agency is temporarily suspending its authority to issue any onshore or offshore fossil fuel authorizations, including new lease sales, for 60 days.
Jan. 20, 2021 In Executive Order 13990, President Biden revokes the Trump Executive Order 13783 titled “Promoting Energy Independence and Economic Growth.” EO 13783 directed federal agencies to streamline the oil and gas leasing process and suspend, revise, or rescind regulations that burdened the development of domestic energy resources.
Jan. 27, 2021 President Biden signs Executive Order 14008, which pauses all new federal offshore and onshore oil and gas leasing pending a comprehensive review of the leasing and permitting program. The order also revokes Trump’s EO 13795.
Jan. 27, 2022 Western Energy Alliance petitions the District of Wyoming to review President Biden’s suspension of the oil and gas leasing program. Western Energy Alliance v. Biden, No. 0:21-cv-00013 (D. Wyo.).
March 15, 2021 The Biden administration asks the Ninth Circuit to dismiss the case reviewing President Obama’s withdrawing certain Arctic and Atlantic coastal areas from oil and gas leasing in light of President Biden revoking President Trump’s EO 13795 (the EO challenged in this case). The Biden administration asks the court to vacate the lower court ruling and remand with instructions to dismiss the case. League of Conservation Voters v. Trump, No. 19-35460 (9th Cir.).
March 24, 2021 Louisiana and twelve other states file a lawsuit challenging President Biden’s pause on new federal oil and gas lease sales arguing that the Outer Continental Shelf Lands Act (OCSLA) and the current 5-year Leasing Program prohibit the moratorium. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
April 13, 2021 The Ninth Circuit dismisses the appeal of the March 29, 2019 decision by a federal judge to reinstate President Obama’s withdrawals of Arctic and Atlantic areas from oil and gas leasing because President Biden’s Executive Order 13990 revoking Trump’s EO 13795 rendered the appeal moot. League of Conservation Voters v. Trump, No. 19-35460 (9th Cir.).
June 15, 2021 A federal judge in the Western District of Louisiana issues a preliminary injunction blocking President Biden’s pause on oil and gas lease sales. The court holds that the leasing moratorium violates statutory authority given to DOI, the Bureau of Land Management, and BOEM under the Outer Continental Shelf Lands Act and the current 5-year leasing program. The judge further holds that the immediate impact of the pause renders the preliminary injunction an appropriate remedy and that the DOI may not continue to pause upcoming Lease Sales 257 or 258. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 9, 2021 Plaintiff states file a motion asking the court to order Lease Sale 257 and asking the federal government to show why its failure to make the sale does not put it in contempt of the preliminary injunction. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 16, 2021 The Biden administration appeals the preliminary injunction that blocked the moratorium on new federal oil and gas leasing. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 24, 2021 DOI announces that it will continue to prepare lease sales during the appeal process.
Aug. 24, 2021 The Department of Justice (DOJ) files a memorandum in response to the plaintiff states’ August 9 motion. DOJ argues that DOI had restarted the leasing program and was therefore complying with the preliminary injunction. DOJ further argues that the preliminary injunction did not require the Lease Sale to occur on any timeline, and the government was therefore entitled to complete a new environmental review. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 31, 2021 Environmental groups file a lawsuit challenging DOI’s decision to hold Lease Sale 257 in the Gulf of Mexico, seeking vacatur and injunction of the sale. The groups argue that the sale of Lease 257 violates the NEPA and the APA and estimate that the sale “will result in the production of up to 1.12 billion barrels and 4.4 trillion cubic feet of fossil fuels over the next 50 years.” Friends of the Earth, et al. v. Haaland, et al., Docket No. 1:21-cv-02317 (D.D.C.).
Sept. 17, 2021 Plaintiff states withdraw their motion to compel Lease Sale 257. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Oct. 4, 2021 BOEM publishes a notice in the federal register that it will open and publicly announce bids received for oil and gas leases in the Gulf of Mexico Outercontinental Gas Lease Sale 257 on Nov. 17, 2021.
Oct. 29, 2021 BOEM publishes a draft environmental impact statement (DEIS) for Lease Sale 258, which would offer leasing for oil and gas in Cook Inlet in the Gulf of Alaska. BOEM also announces a 45-day public comment period on the DEIS.
Nov. 17, 2021 BOEM holds its largest sale ever, the Gulf of Mexico Lease Sale 257 for 308 tracts, covering 1.07 million acres of federal waters in the Gulf. In approving the sale, the DOI claimed it was acting “consistent with a U.S. District Court’s preliminary injunction.” However, environmental groups argue that this sale was not required by the June 15 preliminary injunction. These groups contend that by not conducting a new environmental review like the DOJ memo suggested was allowed, the federal government sped up the lease sale and worked against its decarbonization goals.
Nov. 26, 2021 DOI issues a report reviewing the federal oil and gas leasing process and making recommendations for reform. The report finds, among other things, that the current system does not give taxpayers fair returns and does not fully account for environmental harm, and that the current system encourages speculation by and decreases competition among oil companies. The report outlines recommendations to fix these problems and concludes that DOI is deciding how it will act on these recommendations and encourages Congress to pass reforms to the oil and gas leasing process.
Dec. 3, 2021 Democratic members of the House Committee on Natural Resources file an amicus brief in support of environmental groups challenging the Gulf of Mexico lease sale, arguing that the administration’s environmental review “substantially underestimates” the environmental harms of the lease sale. The brief also argues that the nationwide injunction issued by the District Court for the Western District of Louisiana “in no way excused” DOI’s obligations under NEPA and the APA. Friends of the Earth, et al., v. Haaland, et al., No. 21-cv-02317-RC (D.D.C.).
Jan. 19, 2022 Over 360 environmental groups sent a legal petition to the Biden administration to reduce oil and gas drilling to 98% lower than current levels by 2035. The petition explains that, without action, it will be difficult for the United States to keep its pledge to keep global temperatures from rising beyond 1.5℃.
Jan. 20, 2022 Over 80 environmental organizations sign and send a letter to the Biden administration, which urges the Department of the Interior to write a new 5-year Offshore Lease Program that bans lease sales starting in 2022. The letter also calls on Secretary Haaland to repudiate Lease Sale 257.
Jan. 27, 2022 The District Court for the District of Columbia blocks Lease Sale 257 in the Gulf of Mexico because the Department of the Interior failed to take a “hard look” at the environmental impact of the project or to account for the effect of overseas fossil fuel use when calculating climate impacts, which violated the National Environmental Policy Act. Friends of the Earth, et al., v. Haaland, et al., No. 21-cv-02317-RC (D.D.C.). For more background on the ruling, see EELP’s overview of the NEPA Review Process or visit our NEPA Tracker Page for the most up to date review requirements.
Feb. 1, 2022 The Department of the Interior mistakenly posted language on its oil and gas webpage that indicated royalty fees for leases would increase to 18.75%. The Department later removed the language, and a spokesperson for the Department said the decision to increase royalty rates was not yet final.
Feb. 8, 2022 Intervenor defendant, the American Petroleum Institute files a notice of appeal with the D.C. Circuit, challenging the D.C District Court’s decision to block Lease Sale 257 in the Gulf of Mexico. Friends of the Earth, et al. v. Haaland, et al., Docket No. 1:21-cv-02317 (D.D.C.).
Feb. 14, 2022 Louisiana, another intervenor defendant, files a notice of appeal in the D.C. Circuit case that blocked Lease Sale 257. Friends of the Earth, et al. v. Haaland, et al., Docket No. 22-05037 (D.C. Cir).
Feb. 14, 2022 The Biden administration asks the 5th Circuit to reverse the Western District of Louisiana’s decision that blocked the Biden administration’s moratorium on new oil and gas drilling on federal lands and waters. Among other issues, the Biden administration argues that Biden’s Executive Order 14008 is both lawful and unreviewable and that the plaintiffs relied on erroneous interpretations of the Outer Continental Shelf Lands Act and the Mineral Leasing Act. Louisiana v. Biden, Docket No. 21-30505 (5th Cir.)
Feb. 18, 2022 Environmental groups file a motion to dismiss for lack of jurisdiction in the D.C. Circuit case that blocked Lease Sale 257. Friends of the Earth, et al. v. Haaland, et al., Docket No. 22-05037 (D.C. Cir).
Feb. 22, 2022 A federal judge in the Western District of Louisiana blocks the Biden administration’s application of an interim social cost of carbon metric., Louisiana v. Biden, No. 21-cv-01074 (W.D. La.). For updates on the metric and this litigation, see our Social Cost of Greenhouse Gases tracker page. In light of this decision, the Biden administration announces that it will delay decisions on new oil and gas drilling on federal lands.
Feb. 28, 2022 The Biden administration announces that it will not appeal the District Court’s decision that canceled Lease Sale 257 in the Gulf of Mexico. Friends of the Earth, et al. v. Haaland, et al., Docket No. 1:21-cv-02317 (D.D.C.).
Mar. 8, 2022 The Court of Appeals for the District of Columbia Circuit denies an emergency motion by American Petroleum Institute to expedite the appeal of the District Court decision that canceled Lease Sale 257. Friends of the Earth, et al. v. Haaland, et al., Docket No. 22-05037 (D.C. Cir).
Apr. 15, 2022 To comply with the preliminary injunction issued by the court in Louisiana v. Biden, the DOI announces that the BLM will issue notices for lease sales that will increase in royalty rates from 12.5% to 18.75% and limit the acreage available for leasing. Though this round of lease sales will move forward, the Biden administration continues its appeal of that injunction. Louisiana et al v Biden et al, Docket No. 2:21-cv-00778 (W.D. La.).
April 18, 2022: The BLM publishes final environmental assessments and sale notices for June 2022 lease sales. The final sale notices reduces the acreage of land available for leasing on public lands by 80% and increased royalty rates. For offshore leases, the current 5-year program is scheduled to end on June 30, 2022.
Apr. 19, 2022: The plaintiffs in Western Energy Alliance v. Biden assert that the notice put forward by the Bureau of Land Management still violates the Mineral Leasing Act because BLM did not establish a reliable and predictable leasing system in the future. A hearing in that case is scheduled for May 13. Western Energy Alliance v. Biden, No. 0:21-cv-00013 (D. Wyo.).

 

[eagle1462010]

15 states sue EPA over new oil and gas rules, Paxton says Ukraine war shows 'need for energy independence'

Texas Attorney General Ken Paxton is leading a coalition of states suing the Environmental Protection Agency (EPA) over new oil and gas rules while...

www.allsides.com

Texas Attorney General Ken Paxton is leading a coalition of states suing the Environmental Protection Agency (EPA) over new oil and gas rules while blasting President Biden as having declared "war against fossil fuels."

Paxton issued a press release about the lawsuit against the EPA that 14 other states have signed onto, warning the federal regulations "will create a deliberate disadvantage to Texas and all states" involved in oil and gas production.



Obama 2.0 Have to Sue the assholes to drill.

 

[22lcidw]

No it takes six to eight months to get a well drilled to first drop.

If you read more and thought more for yourself you would be better off.

The Republican establishment wants you to be lazy.

Politicians get in the way of ways to live. Trump showed us that for all the decades we lived with OPEC we found out we do not need them. The establishment politicians though disposed of him and we are back to normal. There is literature on the globalists that goes back a long time. America first has been rejected and now we will reap the whirlwind by the powerful we have indentured ourselves to.

 

[eagle1462010]

Drilling permits spiked then plunged under Biden

The number of oil and gas permits approved by the Bureau of Land Management for drilling on public lands declined to its lowest number under the Biden administration in January.

news.yahoo.com

The permitting showdown is the latest of many disagreements over the federal oil program under Biden. When Biden came into office last year, he paused oil and gas leasing on federal lands and last fall published a report criticizing the program as antiquated and deferential to industry.

The leasing moratorium was overturned by a federal judge, but leasing has been slow to resume — and bogged down in continued legal wrangling. The outlook for new leasing in 2022 remains in limbo as Interior has said it will be difficult to move forward after a Louisiana federal judge blocked the use of an interim climate metric.

Meanwhile, Interior is developing regulations on oil and gas that will increase royalty rates and bonding requirements on federal leases, as well as impose new methane rules.

 

[wamose]

Democrats don't capisce. They're living in a Marxist power fog. They all rubber stamp every imbecilic proposal that the squad feeds Biden. This is why we have to replace all of them.

 

[eagle1462010]

250 failing fracking companies to file for bankruptcy by 2021

Fracking companies are going bankrupt at a rapid pace, often with taxpayer-funded bonuses for executives, leaving harm for communities, taxpayers...

frontpagelive.com

Fracking companies are going bankrupt at a rapid pace, often with taxpayer-funded bonuses for executives, leaving harm for communities, taxpayers, and workers.

Nearly 250 U.S. oil and gas companies are expected to file for bankruptcy by the end of next year — more than went under in the last five years combined — as demand craters due to the pandemic, a global price war, and falling renewable energy prices. These failing companies often neglect well maintenance and plugged well repairs to save money, causing tons of ultra-heat-trapping methane to continue gushing into the atmosphere. Shale wells typically cost $300,000 to close — far more than the estimates used by companies, regulators and financial analysts — and an analysis prepared for The New York Times found companies have failed to reserve sufficient funds, as required by law, to remediate their well sites, leaving taxpayers to foot the cleanup bill.


A Globalist Wet Dream.

Now that they have destroyed them with the PLANNEDEMIC...........They will Rape you at the pump.

 

[HandleTheTruth]

Democrats don't capisce. They're living in a Marxist power fog. They all rubber stamp every imbecilic proposal that the squad feeds Biden. This is why we have to replace all of them.

Not true. I heard that on right wing media the other day. You are just parroting what you been told.

The bankruptcies u see trump during the pandemic made thousands of oil companies pumping oil go down to a few dozen.

You guys sure can't read can you?

 

[eagle1462010]

Driven by Trump Policy Changes, Fracking Booms on Public Lands (Published 2018)

The administration is auctioning off millions of acres of drilling rights and rolling back regulations, raising environmental concerns in states like Wyoming.

www.nytimes.com

Here is the New York Slimes even admitting the boom from Trump.

Only a PLANNEDEMC could destroy our oil production. The OP IS BS.



Have BIDEN RESIGN and all the Swamp RESIGN and restore America.............They are bitches for Globalism............and the fracking competition had to go.

Now they fuck over the very people they swore to protect............The AMERICAN PEOPLE.

The OP CAN SPIN this TIL HELL FREEZES OVER..............The facts show Biden is a POS.

 

[HandleTheTruth]

Driven by Trump Policy Changes, Fracking Booms on Public Lands (Published 2018)

The administration is auctioning off millions of acres of drilling rights and rolling back regulations, raising environmental concerns in states like Wyoming.

www.nytimes.com

Here is the New York Slimes even admitting the boom from Trump.

Only a PLANNEDEMC could destroy our oil production. The OP IS BS.



Have BIDEN RESIGN and all the Swamp RESIGN and restore America.............They are bitches for Globalism............and the fracking competition had to go.

Now they fuck over the very people they swore to protect............The AMERICAN PEOPLE.

The OP CAN SPIN this TIL HELL FREEZES OVER..............The facts show Biden is a POS.

You ignore the truth all you want to.

 

[eagle1462010]

Not true. I heard that on right wing media the other day. You are just parroting what you been told.

The bankruptcies u see trump during the pandemic made thousands of oil companies pumping oil go down to a few dozen.

You guys sure can't read can you?

No shit Sherlock... Then Biden came in and finished it off..........While the LYING ASS MEDIA said he didn't.

Screw him and his destructive policies to this country. He's been in bed with Big Business his entire life...........Only thing he's ever created is MISERY.

 

[eagle1462010]

You ignore the truth all you want to.

You wouldn't know the truth if it reached up and bit you in the ass.

 

[eagle1462010]

Driven by Trump Policy Changes, Fracking Booms on Public Lands (Published 2018)

The administration is auctioning off millions of acres of drilling rights and rolling back regulations, raising environmental concerns in states like Wyoming.

www.nytimes.com

Here is the New York Slimes even admitting the boom from Trump.

Only a PLANNEDEMC could destroy our oil production. The OP IS BS.



Have BIDEN RESIGN and all the Swamp RESIGN and restore America.............They are bitches for Globalism............and the fracking competition had to go.

Now they fuck over the very people they swore to protect............The AMERICAN PEOPLE.

The OP CAN SPIN this TIL HELL FREEZES OVER..............The facts show Biden is a POS.

And here is the thumbs down from the Saudi Bitch.........Surada........

Who has admitted he's in Saudi Arabia. A Country who is now trading oil with China not using the dollar...........

OPEC BIG OIL MACHINE............who wants to screw you at the pump.

 

[HandleTheTruth]

Anybody with a brain knows when you go from thousands of oil companies pumping oil to a few dozen it's going to effect production and supply.

You guys are lost.

 

[struth]

You don't know the business it seems. And don't know the effect of the record bankruptcies under Trump.

Oh well you can lead a horse to water but you can't make him drink.

what does some of trump business declaring bankruptcy in the 90s have to do with the dem inflation. today?

 

[HandleTheTruth]

what does some of trump business declaring bankruptcy in the 90s have to do with the dem inflation. today?

Not Trump businesses the oil industry when prices hit the lows the companies that were pumping oil folded like a lawn chair. Look up oil companies bankruptcies during the trump adm.