Oil Companies “Challenge China Joe” By Stockpiling Drilling Permits

Really, I don’t think this is so much “challenging China Joe” as just understanding good business, and something they’ve done for a long time. But, climate cultists and their compatriots have to make it seem as if there is a challenge to their god, the State

Oil companies stockpile drilling permits, challenging Biden on climate

In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut President-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts.

An Associated Press analysis of government data shows the permit stockpiling has centered on oil-rich federal lands in New Mexico and Wyoming. It accelerated during the fall as Biden was cementing his lead over President Donald Trump and peaked in December, aided by speedier permitting approvals since Trump took office.

The goal for companies is to lock in drilling rights on oil and gas leases on vast public lands where they make royalty payments on any resources extracted. Biden wants to end new drilling on those same lands as part of his overhaul of how Americans get energy, with the goal of making the nation carbon neutral by 2050.

Companies submitted more than 3,000 drilling permit applications in a three-month period that included the election, according to data from the U.S. Bureau of Land Management. Officials approved almost 1,400 drilling applications during that time amidst the pandemic. That’s the highest number of approvals during Trump’s four-year term, according to AP’s analysis. (snip)

Making it easier to drill was a centerpiece of Trump’s effort to boost American energy production in part by enticing companies onto lands and offshore areas run by the U.S. departments of Interior and Agriculture.

Under Trump, crude production from federal and tribal lands and waters increased sharply, topping a billion barrels in 2019. That was up by almost a third from the last year of the Obama administration.

And prices were kept low, and the US was pretty much a net exporter. Few Americans were giving up their fossil fueled vehicles, and more and more were moving into SUVs (which, let’s be honest, get decent mileage for the subcompact and compact classes. Not as good as the same size sedans, though). Sure, there were a few more hybrids sold, with the price coming down, and things like the Honda CRV Hybrid and RAV4 Hybrid, but, except for some rich folks buying Teslas, most people want nothing to do with electric vehicles, nor can they avoid them.

To undo the late-term awarding of so many permits, a former senior Interior Department official said the Biden administration could be forced to pay millions of dollars to companies to get them to relinquish drilling rights. Such a scenario played out in pristine areas of Montana where officials spent decades trying to buy out companies with drilling leases near Glacier National Park. (snip)

Biden is nominating New Mexico Rep. Deb Haaland as interior secretary. And Haaland, who co-sponsored the Green New Deal by liberal Democrats, has said she opposes fracking and drilling on public land.

China Joe is super excited to skyrocket your cost of fuel, which will increase the cost of living. If fossil fuels companies had the cajones, they’d simply announce that they would no longer sell fuel for use by the White House and Dept of Interior. You can bet neither will give up their own use voluntarily, and, since the taxpayers ultimately pay, they don’t care if costs skyrocket.

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3 Responses to “Oil Companies “Challenge China Joe” By Stockpiling Drilling Permits”

  1. Hairy says:

    In the last year of Obama the average price paid for gas in the USA was $2.14
    The price has now skyrocketed underTrump to $2.24
    Looks like all that fracking didn’t really help American consumers just the oil companies

    • drowningpuppies says:

      Yeah fracking had nothing to do with the price of gasoline during Obama’s reign.

      The stupid, it burns. https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_wacko.gif

      Bwaha! Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

    • Jl says:

      Sure it did, John. That’s what helped the US decrease their CO2 emissions, all without the government lifting a finger. How in the world did that happen?

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