Nas wrote:
President Joe Biden has approved nearly 50 percent more oil and gas drilling permits for wells on federal land since taking office than former President Donald Trump did in his first three years, according to newly released data from the Interior Department.
But Biden has not trumpeted the permit data, and climate activists have criticized the administration for failing to halt new fossil fuel production on federal lands as Biden promised during the 2020 campaign. Those activists have pointed to approval of the Willow oil project in Alaska, as well as the expansion of natural gas exports [/i]
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At the end of the 2020 fiscal year, right before President Biden took office, a total of 6,234 applications for permit to drill were pending approval. Recent media reports claim that in the last three years, the Biden administration has approved 9,522 permits to drill – which would make up the permit backlog, plus some.
Still, according to the latest BLM data, there are still 5,366 permits currently pending approval before the agency. In part due to the massive slowdown in leasing under the Biden administration, BLM had received a paltry 452 new permit applications year-to-date as of October 2023 – indicating the chilling effect that the bureaucratic slog can have on the industry.
The Biden administration’s pace of oil and gas leasing isn’t just slow – it’s the slowest in half a century. A Wall Street Journal analysis of federal acres leased for oil and gas production over the past 50 years revealed that the Biden administration leased a historic low of 0.13 million acres during its first 19 months compared to the 4.4 million acres auctioned for lease during the first year and a half of the Trump presidency.
i realize your shtick as a biden guy, but, the man himself told us, "we're going to end fossil fuels". - 2020 debate. don't forget, biden has either proposed or has finalized regulations that have restricted the energy industry.
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While oil output is at a record high, we could be producing even more but for the president’s “whole of government” effort to chill investment. The year before President Biden was inaugurated, the Energy Information Administration was forecasting oil output in 2023 of 14 million barrels a day. Actual output came in at 1.1 million barrels per day below that forecast.
Oil production hit a record in 2023 because more and more of our oil and natural gas production is occurring on private and state lands, where developers don’t need permission from Washington to drill. In 2005, about 68 percent of our oil and 62 percent of our gas came from private and state lands. Today it’s risen to roughly 75 percent and 90 percent, respectively.
When it comes to production on federal lands, however, we’re living on borrowed time. We’ve been able to maintain output thanks to production from wells drilled on leases issued before Biden became president. While the administration has issued drilling permits to existing leaseholders — as required by law — that hasn’t stopped it from slow walking these permits.