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When someone tells you who they are believe them the first time. In over 400 days of the Biden administration, President Biden has not held any legally mandated oil and gas onshore lease sales on Federal lands, and the only single offshore lease sale was invalidated by a federal judge, claiming that the sale did […]
On Friday, April 15, President Joe Biden announced 144,000 acres of the federal mineral estate opened for oil and gas leasing—just 0.00589 percent of the 2.46 billion acres the American people own. Along with this announcement, Biden increased the rents on leased land and the royalties companies must pay on every barrel of oil and every cubic foot […]
President Joe Biden is expected to call on Congress to pass legislation enacting “use it or lose it” fines on wells that oil companies have leased from the federal government but have not used in years and “on acres of public lands that they are hoarding without producing…Companies that are producing from their leased acres and […]
On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss Vice President Harris’ muddled messaging generally and the Biden administration’s mixed messaging on energy production specifically. Links: KAMALA HARRIS: “The significance of the passage of time, right? The significance of the passage of time.” One of the problems with CA’s gas rebate […]
Rep. Ro Khanna, a Democrat from California, has been putting pressure on domestic oil companies to lower production for months. In October he was interrogating oil CEO’s about why they were increasing production as their ‘European Counterparts’ were lowering their own—seemingly a moral good in Rep. Khanna’s eyes. Now that gas prices in his state […]
Biden’s campaign promise: “No more subsidies for the fossil fuel industry. No more drilling including offshore. No ability for the oil industry to continue to drill period. It ends.” That President Biden is now asking the U.S. oil industry to produce more is ironic after taking steps to do just the opposite. Further, he has little understanding […]
When asked by a news correspondent this month if President Biden intended to reverse course and reinstate pro-America energy policies, White House Press Secretary Jen Psaki responded that there are 9,000 approved oil leases that the oil companies are not tapping into currently. But, as American Petroleum Institute President and CEO Mike Sommers indicates, her statement […]
A survey conducted by Morning Consult found 90 percent of U.S. voters favor domestic energy development over foreign imports. In addition, more than 80 percent of respondents said they believed domestic oil and natural gas production would boost energy security for the United States and its allies, reduce energy costs, and help preserve U.S. leadership in times of uncertainty. […]
The Biden administration does not like U.S. energy production. That is the inescapable conclusion from their actions over the past year. Last summer they called on OPEC + (the most important part of the “plus” is Russia) to increase oil production. Recently, reports are that they are trying to get a deal with Iran that would put Iranian […]
According to the U.S. Energy Information Administration’s Natural Gas Pipeline Projects Tracker, in 2021, 7.44 billion cubic feet per day (Bcf/d) of interstate natural gas pipeline capacity was added in the United States. This was the lowest amount of added capacity since 2016. The vast majority of new interstate natural gas pipeline capacity was added […]