Biden Administration: Cut Back Oil and Gas Leases

More oil and gas drilling leases have been wasted by the Biden administration than by any previous government since the end of World War II.

In the first 19 months of Biden's presidency, the Department of the Interior leased roughly 126,000 acres for drilling, as reported by The Daily Wire. The last president to have approved less than 4.4 million acres at this stage in his first term was Harry Truman, and the last president to do less than Biden was Richard Nixon.

More than any other president, Ronald Reagan leased off almost 47 million federal acres.

Biden made the commitment to end drilling on federal territory on the campaign trail.

First and foremost, the government should stop providing financial support to the fossil fuel industry. Drilling should also be prohibited on public lands and in federal waters. According to Biden, the oil sector has no ability to continue drilling period in the upcoming 2020 Democratic presidential debate.

As energy prices continued to skyrocket and consumers were being hampered by inflation and high gas prices in Biden's first few months in office, he froze new leases and undertook extra assessments on the drilling.

Only when Russia invaded Ukraine and prices skyrocketed even more than their already increasing trend has the administration auctioned off any land at all during its six quarters in power.

Leasing of onshore oil and gas must occur "at least quarterly" in accordance with the Mineral Leasing Act of 1920.

As hydraulic fracturing (fracking) became more prevalent in the market, oil and gas corporations got less enthusiastic about developing offshore drilling. As a result, the practice of leasing became less common. The first 19 months of President Trump's administration saw a 97% drop in leasing activity.

The matter is being avoided by Biden lackeys, who appear to be working to make it more difficult to lease federal land for oil drilling.

Interior Department Spokesperson Melissa Schwartz said that the sector is shifting to property controlled by private individuals and states since the federal government's 35 million undeveloped acres of leased land are not being put to use.

There may be little push to promote oil and gas leasing despite the Inflation Reduction Act's requirement that federal acres be made available for the purpose.

Despite keeping oil output at high levels, the Biden administration is making America a magnet for sustainable energy manufacturing investment, according to White House spokesperson Abdullah Hasan.

The preceding is a summary of an article that originally appeared on Headline USA.

Written by Staff Reports

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