From Jan. 20, 2021, to Jan. 19 of this year, the BLM approved 6,430 permits for oil or gas drilling on federal land, compared with 6,172 drilling permits approved during the first two years of the Trump administration.
Well the WH has said that this is the month the US will stop draining the SPR and start refilling it. Like when you stop subsidizing something below norm and start marking the price up above norm, that cold have an impact on energy prices. . . . that is if Biden keeps his word.
He has, bet this isn’t one of the times the left says “but Trump”
"The reason for the fast pace of approvals is that the BLM streamlined the permit application process under Trump. Between May 2016 and June 2019, permit application review times dropped from an average of 196 days to 94 days, according to the Government Accountability Office.
“The Biden administration came into office benefiting from standards implemented by the previous administration to improve the efficiency of permitting approvals,” Megan Barnett Bloomgren, a former Department of Interior official"
Yes, I read the article, and I agreed with streamlining the process under Trump. I support energy independence. On the other hand, I keep reading here how Biden has stifled the oil industry, but that doesn’t seem to be the case based on the pace of permit approvals.
Y’all still lower than me even with the rise in price. Last week it was still $3.54. Haven’t been to town this week so don’t know where they stand right now.
said he is going to end oil (so absolutely no project will get under way now unless industry is 100% certain it can make a market rate of profit in 30 years.)
He has also (and this is super easy to find if you look)
Halted all new permits and then started issuing them again
blocked leases
blocked refineries
blocked pipelines
His general approach has been
Go to the Saudis oil execs and say “Tell me what you need and I’ll try to give it to you.”
Go to Venez oil execs and say “Tell me what you need and I’ll try to give it to you.”
Go to US oil execs and say “Shut up. Shut up shut up. Whatever you want shut. I know everything You are making too much money.”