Panic Has Struck a Blue State Now That Biden's Taking Aim at Fracking
Beth Baumann
Posted: Jan 23, 2021 6:20 PM
One of Joe Biden's first acts as president was to sign a 60-day moratorium on new oil and natural gas leases and drilling permits. It's one way the administration plans to tackle the "climate change crisis." But Americans are already feeling the negative effects of the decision.
New Mexico, one of the most productive oil and gas areas in the country, is worried about the moratorium. The natural energy industry's success impacts everything, down to education and government-funded programs.
Industry insiders have said this regulation means the entire regulatory process shuts down, including normal day-to-day activities "routine requests that arise during the normal course of business to requests for rights of way for new pipelines designed to gather more natural gas as part of efforts to reduce venting and flaring," the Associated Press reported.
The majority of New Mexico's production takes place on federal lands. Oil and gas companies pay hundreds of millions in royalties each year to frack. The concern with the new order, however, is that energy companies could move to Texas where there is no reliance on federal lands to obtain energy.
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https://townhall.com/tipsheet/bethbaumann/2021/01/23/americans-in-the-southwest-are-already-feeling-the-impact-of-bidens-oil-and-natural-gas-moratorium-n2583607
