Author Topic: Biden admin cancels massive oil and gas lease sale amid record-high gas prices  (Read 535 times)

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rebewranger

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Biden admin cancels massive oil and gas lease sale amid record-high gas prices
Tyler O'Neil - Yesterday 11:50 PM
 
The Biden administration canceled one of the most high-profile oil and gas lease sales pending before the Department of the Interior Wednesday, as Americans face record-high prices at the pump, according to AAA.
 
The DOI halted the potential to drill for oil in over 1 million acres in Alaska's Cook Inlet, along with two lease sales in the Gulf of Mexico. The move comes as Biden has taken a few actions to combat high gas prices, despite his administration's generally hostile approach to the oil industry.
 
GAS PRICES HIT NEW ALL-TIME HIGH AS EU CONSIDERS BLOCKING RUSSIAN OIL, BIDEN KEEPS RESTRICTIONS

A DOI spokesperson cited a "lack of industry interest in leasing in the area" for the decision "not to move forward" with the Cook Inlet lease sale, CBS News reported. The spokesperson also said the department canceled the Gulf of Mexico leases – lease 259 and lease 261 – due to "conflicting court rulings that impacted work on these proposed lease sales."

https://www.msn.com/en-us/money/markets/biden-admin-cancels-massive-oil-and-gas-lease-sale-amid-record-high-gas-prices/ar-AAXaRXw?ocid=msedgntp&cvid=645c04138c724a38a5595a4014b88acd

Offline Kamaji

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Offline mountaineer

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Marco Rubio
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Yesterday Americans paid the highest price for gasoline in history
At the same time Biden just cancelled our largest pending American oil & gas lease sale
8:31 AM · May 12, 2022·

Wendell Husebø
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Gas prices soar on Thursday to a record high of $4.418
Gas prices have increased 40 cents since April, and 13 cents from last week
Biden canceled a huge oil lease in Alaska on Wednesday, fueling a Republican sweep come November elections
— AAA   5/12/22
8:35 AM · May 12, 2022

Giovanni Staunovo🛢🇮🇹
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Europe Soaks Up Strategic US Oil While Debating Russia Crude Ban
Two ships loaded with SPR crude are underway for Europe
An earlier shipment of SPR crude arrived in Europe in April
8:11 AM · May 12, 2022·
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Joe Biden Administration Cancels Oil and Gas Lease Sales in Alaska, Gulf of Mexico

Paul Bois 12 May 2022

President Joe Biden’s administration has ceased all oil and gas leases to Alaska’s Cook Inlet and the Gulf of Mexico as of Wednesday night.

A spokesperson for the Interior Department said on Wednesday the “Cook Inlet lease sale would not proceed due to insufficient industry interest. Meanwhile, the planned sale of two leases, lease 259 and lease 261, in the Gulf of Mexico will not proceed due to contradictory court rulings on the leases,” according to The Hill.

When the president first took office in 2021, he signed an executive order freezing all new oil and gas leasing on federal lands only to have it struck down by Judge James Cain, a Trump appointee. After appealing the ruling, a Washington, D.C. District Court “invalidated another Gulf of Mexico lease sold by the federal government, lease 257.” The Alaska ruling affects a separate lease than the ones named by the Interior Department spokesperson. Per The Hill:

Quote
    The Alaska lease would have covered more than 1 million acres. The federal Bureau of Ocean Energy Management previously canceled lease sales in the area in 2006, 2008 and 2010, also citing lack of interest from industry at the time.

    Under federal law, the Interior Department is required to adhere to a five-year offshore leasing plan, which was set to end at the end of June in the case of the affected leases.

more
https://www.breitbart.com/politics/2022/05/12/joe-biden-administration-cancels-oil-and-gas-lease-sales-in-alaska-gulf-of-mexico/
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Joe Biden Administration Cancels Oil and Gas Lease Sales in Alaska, Gulf of Mexico

Paul Bois 12 May 2022

President Joe Biden’s administration has ceased all oil and gas leases to Alaska’s Cook Inlet and the Gulf of Mexico as of Wednesday night.

A spokesperson for the Interior Department said on Wednesday the “Cook Inlet lease sale would not proceed due to insufficient industry interest. Meanwhile, the planned sale of two leases, lease 259 and lease 261, in the Gulf of Mexico will not proceed due to contradictory court rulings on the leases,” according to The Hill.

When the president first took office in 2021, he signed an executive order freezing all new oil and gas leasing on federal lands only to have it struck down by Judge James Cain, a Trump appointee. After appealing the ruling, a Washington, D.C. District Court “invalidated another Gulf of Mexico lease sold by the federal government, lease 257.” The Alaska ruling affects a separate lease than the ones named by the Interior Department spokesperson. Per The Hill:

more
https://www.breitbart.com/politics/2022/05/12/joe-biden-administration-cancels-oil-and-gas-lease-sales-in-alaska-gulf-of-mexico/
Not at all surprising.  He'll do anything he can to destroy the fossil fuel industry.

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Nolte: To Keep Gas Prices Soaring, Biden Kills Alaska, Gulf Drilling Leases

John Nolte 12 May 2022

Desperate to keep gas prices high, His Fraudulency Joe Biden killed “all oil and gas leases to Alaska’s Cook Inlet and the Gulf of Mexico as of Wednesday night,” Breitbart News reported early Thursday morning.

This act removes millions and millions of acres from exploration.

Here’s a question: Why does the federal government have control over all this land to begin with?

Anyway …  as of today, the average price for a gallon of gas hit a record high of $4.42.

On the day Trump left office, a gallon of gas cost $2.39.

Nevertheless, the Biden administration just decided to kill any chance of exploring over one million acres in Alaska’s Cook Outlet and millions more acres in the Gulf of Mexico.

The Department of Interior (DOI) claims the decision in Alaska was based on  a “lack of industry interest in leasing in the area.” The Gulf leases, the DOI said, were killed due to “conflicting court rulings that impacted work on these proposed lease sales.”

more
https://www.breitbart.com/politics/2022/05/12/nolte-to-keep-gas-prices-soaring-biden-kills-alaska-gulf-drilling-leases/
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Offline GrouchoTex

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It isn't lack of interest.
It is the uncertainty of starting then having the Government come back and shut it all back down again.
Investors and venture capitalist won't fund this because of it.
The message from those in power seems pretty clear.
They told us that they want to shut down fossil fuels.
Then they lied and said the didn't say that, but they did.

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It is treason to deliberately undermine America's economy and its people like Biden and his administration is doing.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington