Jen Psaki, oil prices and oil leases

On Monday, the “Little Red Lying Twit” said this:

There are 9,000 unused, approved drilling permits, so I would suggest you ask the oil companies why they’re not using those if there’s a desire to drill more.”

Watch:

I love this kind of truth bending the best. Taking a truth and making a lie out of it. Here is the answer to her “question”, which ignored all context:

BPR/DCNF

The White House has repeatedly suggested the private sector can boost oil supply amid surging gas prices, but industry groups have countered that the administration has placed hurdles for new drilling.

[. . .] However, the unused drilling leases represent a fraction of the active permits, many of which are being used by the private sector to produce oil and gas daily, industry groups said. There are more than 37,496 active oil and gas leases nationwide, meaning more than 75% are in use, according to the latest Bureau of Land Management (BLM) data.

In addition, it isn’t guaranteed all approved leases will yield output and installing rigs is a complicated and expensive endeavor, according to American Petroleum Institute Senior Vice President of Policy, Economics and Regulatory Affairs Frank Macchiarola. Leases also expire after a certain amount of time.

“Not every lease contains oil and natural gas, nor does every non-producing lease represent untapped resource potential,” Macchiarola said during a media call Thursday. “Companies are in the business of finding and producing oil and gas and developing those leases.”

“It takes several years of due diligence, sizable investment for a company to analyze the geology, perform the technology and engineering assessments, and the law provides for that time and only that time,” he added. 

Macchiarola said that the Biden administration is creating uncertainty in the marketplace by sending a signal the government will oppose further oil and gas drilling as part of its climate agenda.

“Regulatory uncertainty has stifled further development, oftentimes, but the time period is stretched out by legal challenges,” he said.

The Western Energy Alliance is actively defending more than 2,200 leases in court, the group said in response to Psaki’s argument. Most leases cannot be developed or explored while a case is litigated.

Kathleen Sgamma, the president of the Western Energy Alliance, also echoed Macchiarola, saying regulatory uncertainty created by the administration has prevented aggressive drilling patterns. She also noted that oil drilling companies need multiple forms of government approval before drilling on a plot of land.

“Because of the uncertainty of operating on federal lands, companies must build up a sufficient inventory of permits before rigs can be contracted to ensure the permits stay ahead of the rigs. We drill wells in a matter of days and rigs are very expensive, so it’s a delicate balancing act,” she wrote on Friday. “But there are other things that can delay a company from developing a well right away.”

“The federal permit to drill is not the only government approval required. Rights of way (ROW) must be acquired to access the lease and for natural gas gathering systems,” she added. “ROWs can take years to acquire. With the pressure not to flare from regulators and investors, most companies cannot drill before the gathering lines are in place.”

After a federal judge ordered the Biden administration to halt its attempted ban on new federal land drilling leases, the Department of the Interior has dragged its feet and defied multiple court-ordered deadlines to restart the program. The Interior Department also signaled it would choose not to appeal a recent ruling that prohibited an offshore drilling lease in the Gulf of Mexico the agency facilitated in the fall.

Overall, there are 4,621 applications for a permit to drill that are pending before the BLM, the agency said in its most recent report published in December. . .

As far as gasoline prices are concerned, why have they taken an almost steady upwards trajectory since Joe Biden took office? Most of it has nothing to do with Ukraine.

This entry was posted in Biden Corruption, Fake News, Inflation, Oil Prices, Uncategorized. Bookmark the permalink.

3 Responses to Jen Psaki, oil prices and oil leases

  1. Pa Hermit says:

    Amazing how they can lie through their teeth and go to bed at night!

    Liked by 1 person

    • TigerBear says:

      👍🏽👍🏽
      Narcissist have no conscience. And the only sleep they lose is when they “feel” they’re the victims.

      Like

  2. deaconmike51907 says:

    Reblogged this on Mike’s Musings and commented:
    All politicians lie. Some are simply incapable of telling the truth. And then you have this bunch in a class of their own. The only one close is Putin in terms of intentional dishonesty.

    Like

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