New Mexico Oil Disaster Atop Colonial Pipeline Fiasco Exposes Lunacy Of Biden Energy Policy

With his order to strike the Keystone Pipeline, Biden also signed a 60-day moratorium on new oil and gas leases on public federal lands, triggering a review process to lock up future drilling in a Department of Interior now run by a radical environmental activist.

New Mexico, which shares the world's thickest oil reserves at the Permian Basin with Texas, will be hardest hit by a ban on new leasing.

Revenues from oil and gas production on federal land make up 40 percent of the state budget, with its schools, already ranked among the lowest in the country, relying on that money the most.

The Interior-run Bureau of Land Management announced last month it would not hold oil and gas lease sales in the second quarter of 2021 for New Mexico while it conducts its review.

State Rep. Larry Scott, who sits on the House Energy, Environment and Natural Resources Committee and has worked in oil and gas for decades, told The Federalist producers have already begun to adapt in the face of headwinds on two fronts: radical leftists who have taken over the government in Santa Fe with a blind animosity to the state's lucrative southeast operations, and Democrats in Washington.

Haaland is an original co-sponsor of the socialist Green New Deal and just five years ago was a far-left environmental activist before she took the helm of the nation's agency to oversee one-quarter of U.S. oil and gas production.

With a population of nearly 40,000, Hobbs today looks similar to a modern wealthy major metropolitan suburb surrounded by the high New Mexican desert as trucks run in and out of the city to operate its lucrative oil fields funding the city and the state.

https://thefederalist.com/2021/05/13/new-mexico-oil-disaster-atop-colonial-pipeline-fiasco-exposes-lunacy-of-biden-energy-policy/