Another anti-energy decision from Biden
The American Petroleum Institute (API), a leading industry group, said the next offshore oil and gas lease sale likely wouldn’t come until early 2024 following the latest Biden administration update.
The Department of the Interior (DOI) announced Thursday that it would issue an updated proposed program plan for offshore lease sales by June 30. The API, though, said the announcement confirms the administration is “significantly behind” in the multi-year process required for approving a new five-year offshore plan, likely delaying lease sales until early 2024.
The Interior Department declined to comment and referred TheDCNF to DOI Secretary Deb Haaland’s testimony on Capitol Hill Thursday.
“The practical effect of this is that it is unlikely there will be offshore lease sales before the end of 2023,” said Frank Macchiarola, API’s senior vice president of policy, economics and regulatory affairs. “This is one more example of the disconnect between the administration’s political rhetoric and policy reality.”
He added that the announcement was the latest in a series of “mixed signals on energy policy” from the administration.
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I think the main thrust of the Biden energy policy is to limit production on federally controlled sites and seek production from enemy countries like Venezuela and Iran. It is ludicrous nonsense on stilts. They may mouth some support for domestic energy but if you watch what else they doing it is clear that they want to throttle US domestic production of oil and gas. They know that their policy is unpopular with votes so they are saying things to try to fool voters into supporting them anyway.
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