A lot of your information is wrong. Especially about the number of oil leases.
Well then take it up with the authors of the articles of Wall Street Journal, NPR, Politifact.org,et.al.....
A)
Biden signs the fewest federal oil leases..since 1945!
Over the weekend, the
Wall Street Journal released a new analysis of the Biden administration’s war on American energy.
Specifically, the Journal examined the total acreage of land leased by the Biden administration for oil and gas production. The amount is historically low.
The Journal reports, “The Biden administration has leased fewer acres for oil-and-gas drilling offshore and on federal land than any other administration in its early stages dating back to the end of World War II, according to a Wall Street Journal analysis. President Biden’s Interior Department leased 126,228 acres for drilling through Aug. 20, his first 19 months in office, the analysis found.
No other president since Richard Nixon in 1969-70 leased out fewer than 4.4 million acres at this stage in his first term
B)
Biden increases the COST of oil exploration!
Biden increases oil royalty rate and scales back lease sales on federal lands
The royalty rate for new leases will increase to 18.75% from 12.5%.
That's a 50% jump and marks the first increase to royalties for the federal government since they were imposed in the 1920s.
The U.S. government will sharply boost royalty rates for companies as federal officials weigh efforts to fight climate change against pressure to bring down high gasoline prices.
www.npr.org
Biden increases oil royalty rate, scales back lease sales
The royalty rate for new leases will increase to 18.75% from 12.5%. That’s a 50% jump and marks the first increase to royalties for the federal government since they were imposed in the 1920s.
Biden suspended new leasing just a week after taking office in January 2021. A federal judge in Louisiana ordered the sales to resume, saying Interior officials had offered no “rational explanation” for canceling them.
Leases for 225 square miles (580 square kilometers) of federal lands primarily in the West will be offered for sale in a notice to be posted on Monday, officials said. The parcels represent about
30 % less land than officials had proposed for sale in November and 80% less than what was originally nominated by the industry.
By MATTHEW BROWNApril 15, 2022
Federal Oil Leases Slow to a Trickle Under Biden
President, citing climate change, spurns resources his predecessors relied on to boost U.S. energy production
The Journal continues: “Under Mr. Biden’s
stewardship the decline has quickened, with leasing down 97% from the first 19 months of his predecessor Donald Trump’s term…In all, the Interior Department has awarded 203 leases for oil and gas development during Mr. Biden’s first 19 months in office. Former presidents Trump and Obama each approved 10 times as many leases during the same period, the Journal’s analysis shows.”
The Biden administration has leased fewer acres for drilling offshore and on federal land than any other administration in its early stages since World War II, according to a Wall Street Journal analysis.
www.wsj.com
Now what was YOUR personal, knowledge that is so much more informed than these people who GET paid for their work?
Oh I bet you are referring to
President Biden claimed that there are 9,000 unused oil drilling permits. That’s mostly true.
Companies have to contract rigs to drill the wells, and build a sufficient inventory of permits before rigs are contracted, said Jennifer Pett, a spokesperson for the Independent Petroleum Association of America, a trade group that represents oil and natural gas producers.
“Producers also have to put a drilling plan together, secure rights of way and work with state and private landowners,” Pett said.
Thousands of unused permits are not uncommon in any presidential administration.
At the end of 2021, there were about 9,000 approved permits to drill. They include some issued under Biden and some still active from Trump.
www.poynter.org
BUT THESE HAVE ALREADY BEEN SIGNED! AGAIN the experts are telling you that what you have been mislead is those leases have
been signed most under Trump!
It is the NEW leases. But as normal you didn't do ANY RESEARCH!
powerthefuture.com
www.statista.com
