Failure Of The Biden Administration To Preserve Oil And Gas Leasing

The Wall Street Journal found that, compared to prior administrations in their first years in office since the conclusion of World War II, the Biden administration has leased fewer acres for oil-and-gas drilling offshore and on federal land. Almost none are available.

Vice President Joe Biden has, by his own admission, adopted the globalist viewpoints of the World Economic Forum and the United Nations. So, they are opposed to fossil fuels because they believe they are bad for the environment. This is also what happens on farms. They oppose all of these farms because of the pollution they cause. As they see it, technology will soon render them obsolete, therefore they don't see the need in having them.

Through August 20th, the study showed that the Interior Department under President Biden had leased 126,228 acres for drilling within the first 19 months of his presidency. According to the Journal, no president has leased out fewer than 4.4 million acres thus early in his first term since Richard Nixon in 1969 and 1970.

There was a good reason why Harry Truman, the last president, leased less acres (65,658) in 1945–1946. Offshore leasing was in its infancy during Truman's presidency, and the federal government did not have control of the leases in most cases, thus his estimates had to be substantially lower.

When comparing the percentage of the vote received by each candidate at the same stage in their respective presidencies, Biden is 97% behind Trump, and Trump was no record-breaker.

The Inflation Act, Though

Most lease auctions were canceled by Biden, and the ones that were supposed to happen because of legislation have not happened yet. It's possible they'll never do it.

Although it has no effect on inflation, the Inflation Reduction Act mandates that the government make available for oil and gas leasing a minimum of two million acres of federal land and sixty million acres of offshore land per year.

The fine print has the important information, though.

They need only take action in the years in which they approve new federally owned wind and solar plants. If they already have plenty on their own land, they don't need to. Oil and gas corporations can be offered less-than-desirable locations to drill in. They completed the task within the past calendar year.

The action was fraudulent.

The preceding is a summary of an article that originally appeared on INDEPENDENT SENTINEL.

Written by Staff Reports

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