AuntiE Loc: 45th Least Free State

White House restarting federal oil, gas lease sales next week
Samuel Chamberlain - New York Post


The Biden administration plans on returning the sale of gas leases on federal land.

The Biden administration quietly announced Friday that it was restarting the sale of oil and gas leases on federal land next week — almost exactly 15 months after President Biden imposed a moratorium on such sales upon taking office.

The Interior Department announced that its Bureau of Land Management would make approximately 144,000 acres of federal land available for lease beginning Monday — an 80% reduction in the acreage of land that had originally been considered for oil and gas exploration.

The Department also announced that energy companies will have to pay the government royalties amounting to 18.75% of the value of what they extract from their lease, up from 12.5%.

Biden imposed a moratorium on the sale of new leases one week after his inauguration, but the order was later blocked by a Louisiana federal judge who granted a preliminary injunction to 13 states that claimed they would suffer “irreparable injury” by the White House move.

US District Judge Terry Doughty ruled that only Congress has the power to pause offshore oil and gas leases and ordered that plans be resumed for delayed lease sales for the Gulf of Mexico and Alaska.

This is a developing story

nwtk2007 Loc: Texas

SHHHHHHHHH!!!!!!! We don't want this openly reported!

steve66613

More Bribem smoke and mirrors! Leftists are all like: “See, our lord is providing more oil”! Meanwhile, the government is going to make it financially impossible for oil companies to actually drill.

4430 Loc: Little Egypt ** Southern Illinory

Seems the Dems are getting scared and see the hand writing on the wall since they are the ones that screwed up everything that Trump had started fixing and now even many Dems are crying !

AuntiE Loc: 45th Least Free State

They are hoping this action will bring down gas prices so they can run in it in the midterms.

Tiptop789 Loc: State of Denial

Let's see, you complained because there weren't any leases and now you complain because there's going to be leases. You sound like you just want to complain?

AuntiE Loc: 45th Least Free State

There are going to be leases with a first ever 18.75% fee.

Tiptop789 Loc: State of Denial

I believe you mean "win" in the mid-term? They can run off they file the paperwork regardless of gas prices.

Tiptop789 Loc: State of Denial

And that matters for what reason?

AuntiE Loc: 45th Least Free State

Is that a serious question?

AuntiE Loc: 45th Least Free State

Win hmmm…they just lost every single one of their environmental voters.

woodguru

Really?

nwtk2007 Loc: Texas

Really! People will think he is returning to Trump policies!! Or worse, taking advice from Trump. LOLOLOL!!!!!!!!!!!!!!!!!!!!!!!!!

woodguru

You have no idea what the strategy is do you?

The oil industry has thousands of drilled wells that have not been taken to completion...

They have millions of acres of leases they are not doing anything with yet...they need more, why when they haven't used what they have? There's no point in selling leases that they sit on forever.

And what do you know about what males it financially impossible? They seem to have huge margins of profit, paying a few more percent in royalties won't hurt them, neither would paying taxes.

You need to keep in mind what royalties are, they are levied on production, so increases only affect profits, not operating expenses, big difference.

AuntiE Loc: 45th Least Free State

Thé environmentalist are already having hysteria.