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Biden admin cancels massive oil and gas lease sale

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The Biden Administration is showing its true self! Cancellation of oil leases adds years to high oil prices. Meanwhile the dumping of our oil reserves continues with little if any effect leaving us in a more precarious position in case of any disruption. 

Reasons cited?

“lack of industry interest in leasing in the area” for the decision to “not move forward” with the Cook Inlet lease sale. The department also halted two leases under consideration for the Gulf of Mexico region because of “conflicting court rulings that impacted work on these proposed lease sales.”

How about the coming shortage of diesel fuel? Will that satisfy this White House?

 

Now, due to increased demand and a drop in production, a diesel shortage may be next as the largest diesel distribution hub in the U.S. is sitting on supplies at a 30-year low. Record gap between gasoline and diesel, but the gap will start to shrink very soon- not by leaps and bounds, but slowly

File:Joe Biden February 2020 crop.jpg

Here we go:

The Biden administration canceled one of the most high-profile oil and gas lease sales pending before the Department of the Interior Wednesday, as Americans face record-high prices at the pump, according to AAA.

 
A DOI spokesperson cited a “lack of industry interest in leasing in the area” for the decision “not to move forward” with the Cook Inlet lease sale, CBS News reported. The spokesperson also said the department canceled the Gulf of Mexico leases – lease 259 and lease 261 – due to “conflicting court rulings that impacted work on these proposed lease sales.”
 
Until now, the White House had remained silent about the massive Alaska lease. However, canceling the sale would be in keeping with political promises President Joe Biden made in the name of halting global warming. But those promises have become a political challenge in the face of prices at the pump.
 
 

Federal law requires DOI to stick to a five-year leasing plan for auctioning offshore leases. The department had until the end fo the current five-year plan – due to expire on June 30 – to complete the sales.

Within his first week in office, President Biden signed an executive order temporarily suspending new oil and gas leases on federal lands. The administration resumed the new leasing last month following court challenges against the ban. The administration is appealing a ruling in which Judge James Cain, a Trump appointee, struck down the ban. 

“I blame Biden for all lack of production. He has scared away investment,” Milloy told FOX Business. “I don’t trust him in court defending leasing,” he added, suggesting that the president will find “any excuse to not drill. They even tried to use the social cost of carbon decision to stop leasing.”

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Our main man out on the stump.

Coming out of this crisis may not be so easy with idiot at the helm. There I said it.

The best of the swamp.



Source: https://bunkerville.wordpress.com/2022/05/12/biden-admin-cancels-massive-oil-and-gas-lease-sale/


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