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Non-Tech : Kirk's Market Thoughts
COHR 185.66+5.7%Dec 19 3:59 PM EST
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To: rdkflorida2 who wrote (13765)5/19/2022 9:41:38 PM
From: Sdgla1 Recommendation

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berniel

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Any comment ?

During a Senate Energy Committee hearing today, Interior Secretary Deb Haaland, a woman specifically appointed for her progressive identity as a native American indian – with no skills to be interior secretary, was questioned by Senator Joe Manchin about a press release [ LINK] from the interior department that took place in real time as Secretary Haaland was giving testimony. Secretary Haaland had no idea what the press release was about.

[ The Press Release is Here]The issue surrounds the U.S. Interior Department, which is filled to the brim with left-wing climate activists, pushing out a press release saying that any further oil and gas leases are not going to happen. Secretary Haaland was telling congress the Interior Department was doing everything they can to allow oil and gas leases and expand drilling with additional permitting.

The press release from the dept says the proposal the Secretary was stating “is not a decision to issue specific leases or to authorize any drilling or development,” literally undercutting her testimony in real time, and reaffirming that no further oil drilling will be authorized. Secretary Haaland was caught completely off-guard, stammered and admitted she had no idea what the bureaucrats in the dept were doing.

What this example reveals is something we have noticed and discussed but has become very clear in the past few weeks.
Biden told the public he was committed to lowering costs by focusing on expanded energy development – to include additional drilling for oil and gas. Literally hours later the Interior Dept cancelled oil/gas leases in Alaska and the Gulf of Mexico [ LINK], exactly the opposite of the Biden remarks.

As noted by CNN, “The cancellation of the previously planned Cook Inlet sale in Alaska, as well as the lease sales in the Gulf, ensures that millions of acres of offshore waters will not be developed for oil and gas — a significant victory for climate advocates.”
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