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Politics : President Joe Biden -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (6864)	10/11/2022 12:40:31 AM
From: roto	Read Replies (1) \| Respond to of 12177

your reference is shit.. fox news is always questionable... (not weird, they wrap their selves in the American flag promoting their clap trap. face the reality of being.. the republican party is a trump cult). thehill.com *Biden administration weighs whether to shrink offshore drilling lease sales*

To: Broken_Clock who wrote (6864)	10/11/2022 3:16:18 PM
From: Wharf Rat	1 Recommendation Recommended By bentway Read Replies (1) \| Respond to of 12177

The oil and gas industry has a substantial number of unused permits to drill onshore. As of September 30, 2021, the oil and gas industry holds more than 9,600 approved permits that are available to drill. In fiscal year (FY) 2021, BLM approved more than 5,000 drilling permits, and more than 4,400 are still being processed. 9 Industry suggests that the significant surplus of leases and permits is necessary for a successful business model, but this speculative approach contributes to unbalanced land management. When land is under contract for potential oil and gas activity, the shared public lands cannot be managed for other purposes, such as conservation or recreation... In FY 2020, the OCS produced approximately 642 million barrels of oil and 910 million cubic feet of gas, ...accounting for 16 percent of all oil production and 3 percent of natural gas production in the United States.13 Most of this production is in the Gulf of Mexico, where the amount of acreage under lease has declined by more than two-thirds over the last 10 years.14 This decline is mostly driven by market conditions and changes in companies’ strategic approach to leasing. Of the more than 12 million acres under lease, about 45 percent is either producing oil and gas or is subject to approved exploration or development plans, which are preliminary steps leading to production. The 55 percent of the leased acreage that is non-producing may be in an earlier stage of the development process, or being held for speculative reasons, indicating a sufficient inventory of leased acreage to sustain development for years to come. doi.gov