Friday, August 27, 2021

Feds to restart oil leasing after Biden loss in court

On the day that Joe Biden was sworn into office, among the record-setting flurry of executive orders he signed was a "Pause" on all new drilling leases for oil and gas on federal lands.

That situation led a dozen of the nation's major oil and gas producing states to take the federal government to court and have them restart the leases.

A quiet announcement from the Biden administration on Tuesday indicated that they would restart the oil and gas leasing program as soon as next week and will reopen bidding for drilling permits in the Gulf of Mexico by early October.

The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed.

The move comes two months after the U.S Interior Department first said it would comply with a June 15 federal judge's order blocking its months-long pause in oil and gas leasing on federal lands and waters.

The primary reason that Biden is backing down appears to be a threat from the Louisiana court that heard the case to hold the federal government in contempt if they failed to comply with the previous order.

We are once again facing energy production shortfalls after several years where the United States took its place as a dominant global leader in oil and gas production.

https://hotair.com/jazz-shaw/2021/08/26/feds-to-restart-oil-leasing-after-biden-loss-in-court-n411643 

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