Quote (Surfpunk @ Mar 9 2022 09:56am)
https://www.wsj.com/articles/joe-bidens-u-s-oil-embargo-russia-energy-natural-gas-vladimir-putin-ukraine-11646780609?mod=opinion_lead_pos1Quote
First, companies have to obtain additional permits for rights of way to access leases and build pipelines to transport fuel. This has become harder under the Biden Administration. Second, companies must build up a sufficient inventory of permits before they can contract rigs because of the regulatory difficulties of operating on federal land.
It takes 140 days or so for the feds to approve a drilling permit versus two for the state of Texas. The Administration has halted onshore lease sales. 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.
Interior’s five-year leasing program for the Gulf of Mexico expires in June. Yet the Administration hasn’t promulgated a new plan. Nor did it appeal a liberal judge’s order in January revoking the November leases. But the Administration has appealed another judge’s order requiring that it hold lease sales.
...
Progressive outfit Global Energy Monitor gleefully proclaimed Tuesday that $244 billion in U.S. liquefied natural gas projects are stalled because they “are struggling to find financiers and buyers” amid “pressure from cheap renewables"—i.e., rich green energy subsidies that Democrats want to make richer—and “tightening climate commitments.”
Biden got what he wanted, it just isn't politically popular. Raging at companies for restrictions he has imposed is a cheap political trick that isn't working on voters. He's going to have to own the foreign policy blunders and economic mismanagement, and accept that he'll need to work with Republican majorities in both houses come 2022.
Quote (Skinned @ Mar 9 2022 07:59am)
Salman is pure evil.
We don't have a hundred year alliance with the House of Saud because we think they're guys we'd like to have a beer with. It has been to our political advantage, something that used to be recognized by both parties.
This post was edited by bogie160 on Mar 9 2022 09:16am