Team Biden is now backing off the ban on drilling permits
Posted: Wed Jul 14, 2021 9:00 am
Now that the polls show that voters are blaming higher gasoline prices on Biden, the Feds are approving drilling permits on federal land. At the end of the day, all politician just care about getting re-elected.
Biden promised to end new drilling on federal land, but approvals are up . NPR
Approvals for companies to drill for oil and gas on U.S. public lands are on pace this year to reach their highest level since George W. Bush was president, underscoring President Joe Biden's reluctance to more forcefully curb petroleum production in the face of industry and Republican resistance. The Interior Department approved about 2,500 permits to drill on public and tribal lands in the first six months of the year, according to an Associated Press analysis of government data.
Domestic oil, gas permitting sputters in June, but sharply higher from pandemic-ridden 2020 . NGI
U.S. oil and gas drilling permitting has risen sharply from a year ago, but the gains are uneven, with the Denver-Julesburg (DJ) and Powder River basins drying up, while Haynesville Shale activity has increased, according to data compiled by Evercore ISI. The domestic permit count climbed by 32% in June from a year earlier, and it was up 1% on a year-to-date basis, state and federal permitting data indicate. Still, permitting in May skidded by 23% month/month (m/m), and it was down another 6% in June, analyst James West and his team said in a note Tuesday.
Biden promised to end new drilling on federal land, but approvals are up . NPR
Approvals for companies to drill for oil and gas on U.S. public lands are on pace this year to reach their highest level since George W. Bush was president, underscoring President Joe Biden's reluctance to more forcefully curb petroleum production in the face of industry and Republican resistance. The Interior Department approved about 2,500 permits to drill on public and tribal lands in the first six months of the year, according to an Associated Press analysis of government data.
Domestic oil, gas permitting sputters in June, but sharply higher from pandemic-ridden 2020 . NGI
U.S. oil and gas drilling permitting has risen sharply from a year ago, but the gains are uneven, with the Denver-Julesburg (DJ) and Powder River basins drying up, while Haynesville Shale activity has increased, according to data compiled by Evercore ISI. The domestic permit count climbed by 32% in June from a year earlier, and it was up 1% on a year-to-date basis, state and federal permitting data indicate. Still, permitting in May skidded by 23% month/month (m/m), and it was down another 6% in June, analyst James West and his team said in a note Tuesday.