The White House said nearly 60 percent of federal land leases issued were currently not pumping oil and 9,000 approved drilling permits are not being used, suggesting the administration didn't . 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. 12 fast-writing strategies that will give you energy, focus and momentum. Psaki said 90% of leases are on public lands and that there are 9,000 unused drilling permits. Now, the oil industry is sitting on a remarkable 9,173 approved, but unused, federal lands drilling permits. "There are 9,000 unused, approved drilling permits. They could be drilling right now, yesterday . Corporate strategy has fundamentally changed.". Investors remain reluctant to invest in fossil fuels. Lets address two claims heard about American natural gas and oil production amid the ongoing Russia-Ukraine crisis. Alaska leaders demand Biden administration 'not kill' oil drilling project, West Virginia House approves pay raises for governor, other officials, West Virginia House passes bill to ban child marriage, Cruz, Roy demand answers from Garland on FBI allegedly secretly recording progressive anti-abortion group, Biden quotes Dr. Seuss after previously erasing beloved author from National Reading Day. Here is the average price in each state. Onshore, of the more than 26 million acres under lease to the oil and gas industry, nearly 13.9 million (or 53%) of those acres are unused and non-producing. 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. Yacob Reyes is a staff writer covering Florida politicians and legislative issues for PolitiFact. The BLM, a subagency of the Department of the Interior (DOI), blamed the revision on a Trump-era technical change that it hadn't properly accounted for. That's true, but all work can't begin 'right now'. Attorneys, and the ballot theft immediately ended. There is actually an incentive for the companies not to develop these resources because for publicly traded companies, these reserves get reported and influence market valuation, Daigle said. Why is fracking for natural gas important? 1,867 pending oil and gas leases. Sign up for the daily Marketplace newsletter to make sense of the most important business and economic news. Wednesday's Energy Absurdity of the Day: Is it '9,000 Unused Leases' or '9,000 Unused Permits?' The White House Doesn't Seem to Know. Corporate strategy has fundamentally changed.. Then Biden pivoted to point the finger at the industry: "In the United States, 90% of onshore oil production takes place on land that isnt owned by the federal government. Biden's Interior Department quietly updated its list of unused permits to reflect a much lower figure: 6,600, E&E News reported Monday.The department, which manages oil and gas drilling on federal . Even then, he said, getting oil out of the ground takes time. Their University Retaliated Against Them. ", Biden said that the companies are not using these permits to drill. President Biden on Wednesday issued an executive order temporarily pausing federal oil and gas leases and setting in motion potentially longer-lasting restrictions on federal lands production of fo The White House did not return a request for comment. They exist. They could be drilling right now, yesterday, last week, last year.". Are gas prices going up? Oilfield Electrification Technology Conference. Biden again reiterated that there are 9,000 unused oil drilling permits on federal lands, and called on Congress to make oil companies pay fees on wells from leases that they "haven't used in years and on acres of public . So the surface pads, as you can see from here, its kind of hard to see. In this case, we reached out to some of our original experts for the story, who told us Bidens overarching point remained valid, as were the caveats we mentioned in our original article. After Joe Biden became vice president, at the behest of his father, he gave his uncle, Frank H. Biden, a Purple Heart for serving in the U.S. military during World War II. They could be drilling right now, yesterday, last week, last year." Biden's number is correct: There are 9,137 approved permits to . The average barrels of crude oil produced per day spiked during Trumps subsequent years, swelling to almost 12.3 million in 2019. EIN: 41-0953924. Having thousands of unused drilling permits is not something that is unique to Bidens tenure. I took a trip out to ground zero for domestic oil and gas production Texas' Permian Basin . They could be drilling right now, yesterday, last week, last year. ", We asked federal officials for an updated figure for 2021, and Interior Department spokesperson Melissa Schwartz said the agency has "no way to capture that since the discrepancy was found at the end of last year. I cant get the people to do the work, Oestmann said. It canceled energy infrastructure, blocked development in parts of Alaska, entertained new taxes to punish the U.S. energy industry and chilled future investment by signaling that oil and gas wouldnt be part of Americas future energy mix. "Sometimes there might not really even be producible oil and gas on a lease," Daigle said. President Joe Biden said that his policies have not made the U.S. less equipped to withstand the impact of the ban on Russian energy imports. Those permits include those issued under . Biden Administration So this is a map of our acreage, he said, referring to an area between 6,000 and 7,000 acres in size. "Oil and gas companies already have leases the size of Indiana," said Sen. Ed Markey (D-Mass.) Thousands of unused permits are not uncommon in any presidential administration. Hes right on the numbers of permits but what that means is a little more complicated than his statement suggests. One of PolitiFacts longstanding principles is to rate fact-checks based on evidence available at the time. Those companieswhich determine their drilling plans more than a year in advancehave also faced labor shortages under Biden, with the oil industry comprising roughly 12,400 fewer workers last year than it did prior to the coronavirus pandemic. ", "They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial 'drill, baby, drill,' which is the way they would have done things 10 years ago. March 8, 2022 There are 9,000 unused oil and gas leases on Federal lands that the companies have not touched. 2023 FOX News Network, LLC. Technically, theres some truth there because, indeed, increasing American oil and gas production will not help Ukraine today. All rights reserved. Before drilling can occur, the lease holder has to get a federal permit. For nearly a year, the Biden administration has attempted to redirect scrutiny over its slow walking of federal oil and gas leases by chastising U.S . Companies dont have to immediately begin drilling as their leases last 10 years and can be extended beyond that. Its a slow process. The department, which manages oil and gas drilling on federal land, blamed the change on a "reporting discrepancy.". Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content. They could be drilling right now, yesterday, last week, last year. Biden said the oil industry has "9,000 permits to drill now. The current situation is a reminder that American energy abundance requires foresight and planning, investment and policy support. There is actually an incentive for the companies not to develop these resources because for publicly traded companies, these reserves get reported and influence market valuation, Daigle said. Listing leases originally filed between the 2020's and the 1820's . Does Hydraulic Fracturing Cause Earthquakes? This material may not be published, broadcast, rewritten, He took me to a well in the middle of this patch of land that, up until a couple of months ago, was producing a good amount of oil. March 2, 2021, PolitiFact, No, the U.S. did not end its domestic oil production. "They have 9,000 permits to drill now. PolitiFact: Biden right oil industry has over 9,000 permits to drill. Feb 2021 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2022 Feb 0 100 200 300 400 500 600 700. As Sommers noted in a recent blog, the administration should provide clarity on federal leasing and permit energy infrastructure. To be clear, Biden wasnt wrong about that number, but citing it as evidence that energy companies are sitting on their hands to keep prices high needs a bit more context. Thomas Catenacci is a politics writer for Fox News Digital. We bring in a vendor, its their drilling rig, their frack crew, they outfit with their own workforce to make the work happen. This is where were parked, right here on the edge of this big frack pit.. Quotes displayed in real-time or delayed by at least 15 minutes. or redistributed. The only thing that "the administration" could do to increase oil production, would be to get the hell out of the way. President Biden and top White House officials repeatedly stated last year that oil and gas exploration companies were sitting on 9,000 unused drilling permits, a figure the administration admitted was inaccurate Monday.. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. UPDATE: On March 31, President Joe Biden announced the release of 1 million barrels of oil per day from the nation's Strategic Petroleum Reserve over the next six months. "These are the facts. What are the Claims of Anti-Fracking Activists? The update we have now is what we are able to provide.". 2023 World Oil, 2023 Gulf Publishing Company LLC. Gas prices are high and up another 7 cents nationwide. Is Biden sharing all the facts here? If you came to me and said, Mike, heres $100 million. U.S. Energy Information Administration, U.S field production of Crude Oil, Center for Biological Diversity, New Data: Bidens First Year Drilling Permitting Stomps Trumps By 34%, Jan. 21, 2022, Western Energy Alliance, Responding to the White House Blame Game on Leases, March 4, 2022, Washington Post, Biden outpaces Trump in issuing drilling permits on public lands, Jan. 27, 2022, CNN, More oil supply could stop massive price spikes. The DOI has delayed issuing a congressionally five-year plan for offshore drilling and is weighing a complete block on such leasing through 2028. Mutual Fund and ETF data provided by Refinitiv Lipper. Jewish Students Reported a Professor for Anti-Semitism. Is that True? Experts also suggested that drilling domestically is more costly than drilling overseas, which could further deter oil companies in the U.S. from upping production. 54,657 authorized oil and gas leases. In total, the oil industry now holds leases to roughly 25 million acres of public lands an area approximately the size of Kentucky. Before drilling can occur, the lease holder has to get a federal permit. Previously, he worked as a reporter for Axios, where he covered, Amy Sherman is a staff writer with PolitiFact based in South Florida. Source: Bureau of Land Management data. But a Biden administration official downplayed the alteration Monday, saying the number of unused oil and gas permits remains high. Producers also have to put a drilling plan together, secure rights of way and work with state and private landowners, Pett said. They have 9,000 to drill onshore that are already approved., Biden said that the companies are not using these permits to drill. Bidens number is correct: There are 9,137 approved permits to drill on federal and Indian land, and the oil industry could use those permits and drill. Then again, do Fox News viewers care? FOSSIL FUEL PROFITS ARE VITAL FOR GREEN ENERGY PROJECTS DEMS ROUTINELY TOUT. | Terms & Conditions | Privacy, Psaki has made the claim about unused federal leases, Pipeline Strategic Data Tracking System (PSDTS). This is all private land, which is where 90% of the oil produced in the U.S. comes from. I stopped his Election from being stolen. U.S. liquified natural gas exports are critical for today and tomorrow, because access to trustworthy energy helps nations address multiple challenges. For perspective, Doug Ackerman, President of the New Mexico Oil and Gas Association, said it takes upwards of 12 months to get the 30-50 permits required to drill a single well during a House Natural Resources subcommittee hearing earlier this month. The U.S. Energy Information Administration in January forecasted that U.S. oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. She added that oil and gas companies have been limiting costs and . It suggests American producers have been motivated by a desire to manipulate the market during the current crisis in Europe. BLM drilling approvals tapered off after a big jump in 2021. order signed by President Biden shortly after taking office did "direct the Department of the Interior to pause new oil and natural gas leasing on public lands and offshore waters, concurrent with a comprehensive review of the federal oil and gas program." . It is time for the administration to end the finger-pointing and instead support American production with a comprehensive strategy for American energy development one that includes a final five-year program for offshore leasing and quarterly onshore lease sales.. Fossil Fuels [9] As a result, the moratorium on new leases will not impact the production of oil and gas in the short term as drilling will likely . The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. "So it simply wasnt profitable to drill with oil below $70. Douglas Holtz-Eakin, an economist and president of the American Action Forum, a center-right think tank, said firms are trying to assess the durability of the global rebound. On Feb. 27, 2023, a reader alerted us that the federal agency had published an updated number of the approved and available permits to drill the new total was 27% smaller, 6,653 permits. Thousands of unused permits are not uncommon in any presidential administration. White House, Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal, March 8, 2022, U.S. Energy Information Administration, "EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023," Jan. 11, 2022, Bureau of Land Management, Applications for permits to drill, December 2021. How Many Jobs Has the Oil and Natural Gas Industry Created? Those permits include those issued under Biden and those still active from Trumps administration and potentially before, said Josh Axelrod, of the National Resources Defense Council. Companies have to contract rigs to drill the wells, and build a sufficient inventory of permits before rigs are contracted, said Jennifer Pett, a spokesperson for the Independent Petroleum Association of America, a trade group that represents oil and natural gas producers. forward with a plan to lock up even more of our state's land in unused oil and gas leases. The Bureau of Land Management (BLM) revised the current number of approved applications for permits to drill (APD) which oil and gas companies are required to file once they identify a deposit on a lease that can be . Corporate strategy has fundamentally changed.". All of these black sticks are wells that are drilled underground. The average barrels of crude oil produced per day spiked during Trumps subsequent years, swelling to almost 12.3 million in 2019. The second, by some industry opponents, is that ramping up U.S. production will not help the Ukrainian people today. ", In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. American Petroleum Institue February 27, 2023. The argument about "unused" leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world's leading producer of natural gas and oil. Occidental has more than 500 unused federal permits. Pavel Molchanov, an analyst at Raymond James, told CNN Business that "oil and gas companies do not want to drill more. Shortages of steel pipe, sand and workers are cutting into potential oil production. They arent necessarily the same people who own the mineral rights. More: Gas prices are high and up another 7 cents nationwide. How Much Water Does Hydraulic Fracturing Use? Biden has a point that the U.S. produced more during his first year than Trumps first year. At issue in particular was the administration's 60-day pause on new federal oil and gas leases, which several senators mischaracterized as a "ban". . Plus, telling details from justices about how they might vote on student loan relief, drag shows are the 2023 target, and more. Some companies choose not to drill for corporate reasons because they can raise funds from investors by not drilling on leases with proven reserves. T he Interior Department revised down its estimate of the total number of unused federal drilling permits, which the Biden administration used much of last year as a . He said not only is labor in short supply, but steel pipe and other equipment are on back order for months. The oil and gas industry has a substantial number of unused permits to drill onshore. a bipartisan bill with Senator Chuck Grassley of Iowa to modernize the federal oil and gas program's outdated . DeSantis first took office. 236.31. Editors note, Feb. 28, 2023: This fact-check of President Joe Bidens statement in March 2022 was based on available data at the time from the Bureau of Land Management. Before drilling can occur, the leaseholder has to get a federal permit. Investors remain reluctant to invest in fossil fuels. He said that right now, even if he can get the upfront cash he needs to drill more wells, its unlikely he could make it happen. Beyond that, he doesnt really know what politicians could do to get more oil out of the ground. The change suggests that President Joe Biden and administration officials had overstated the extent to which oil and gas companies have neglected producing on approved permits amid the global energy crisis last year. Joe Biden: The oil industry has "9,000 permits to drill now. Is Biden sharing all the facts here? "Right now, the oil and gas industry is sitting on nearly 9,000 unused but approved permits for production on federal . The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. Hes right on the numbers of permits but what that means is a little more complicated than his statement suggests. The revelation comes as a blow to Biden as he attempts to defend himself from Republican critics, who argue that the Democrat is "attacking American energy" and raising gas prices by slowing fossil fuel production. ", "It's President Biden who is proposing to cut Medicare Advantage. The first, by some members of the Biden administration, including White House Press Secretary Jen Psaki on Thursday, is that American oil and natural gas producers are sitting on hundreds of unused federal leases and thus do not need access to more. Then Biden pivoted to point the finger at the industry: In the United States, 90% of onshore oil production takes place on land that isnt owned by the federal government. When a company acquires a lease, it makes a significant financial investment at the beginning of the lease in the form of a non-refundable bonus bid and pays additional rent until and unless it begins producing. So, I took a trip out to ground zero for domestic oil and gas production Texas Permian Basin to hopefully bring some back. Suggests "108 FIFA registered players/coaches have died" because of COVID-19 vaccines. Mutual Fund and ETF data provided by Refinitiv Lipper. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you. Its simply not true that my administration or policies are holding back domestic energy production, Biden said March 8 in a speech announcing a U.S. ban on Russian oil imports. Patrick Cohorn, operations manager at a family-owned energy company called Henry Resources, headquartered in Midland, Texas, drove me out to a stretch of land just north of the town of Rankin. All rights reserved. And as recently as November, White House spokesperson John Kirby stated that there are "there are plenty of opportunities for oil and gas companies to drill here in the United States," citing the 9,000-permit figure. USd/gal. Oil, Biden Has Earned 11 Pinocchios From Fact-Checkers During Coronavirus Crisis, GOP Hawks Say the Only Thing Cut From the Pentagon Will Be 'Wokeness'. Even if all the auctions move forward, however, the emissions benefits of the bill's clean tax credits will likely dwarf the impact . They have 9,000 to drill onshore that are already approved. "In Utah alone, the industry is sitting on more than 1.7 million acres of unused federal oil and gas leases on some of our nation's wildest and most culturally significant public lands . How is Groundwater Protected During Hydraulic Fracturing? Gas Prices Copyright 2021 - API. Drilling I sent in the FBI and the U.S. And of the remaining 10% that occurs on federal land, the oil and gas industry has millions of acres leased," Biden said. Is Biden sharing all the facts here? "Right now, the oil and gas industry is sitting on more than 12 million acres of non-producing Federal land with 9,000 unused but approved permits for drilling," the White House said in an April . Meanwhile, its been 242 days since the Department of the Interior allowed the five-year offshore leasing program to expire, and the administration held just one quarterly lease sale in 2022 after not holding any in 2021, as required by law. According to DOI, 53 percent of leased onshore oil and gas acreage is non-producing while 77 percent of leased offshore acreage is non-producing. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. Still, the Biden administration maintained its anti-oil rhetoric. Above, drilling rigs sit unused in Odessa, Texas. Its almost like Johnny Cashs Cadillac we get it one piece at a time.. The number of "approved oil leases" (presumably Federal mineral leases) is not an answer to that question. ", "Almost every study now has said with these new boosters, you're more likely to get infected with the bivalent booster. The lengthy process to develop them from a lease often is extended by administrative and legal challenges at every step along the way. In other words, 9,000 chances to increase the supply of oil and gas and drive down prices. This fact check was originally published by PolitiFact, which is part of the Poynter Institute. They have to be sure that the costly investment (and time) that it takes to turn a lease into a producing well is worth it.. "In the United States, 90% of onshore oil production takes place on land that isn't owned by the federal government. "It is time for the administration to end the finger-pointing and instead support American production with a comprehensive strategy for American energy development one that includes a final five-year program for offshore leasing and quarterly onshore lease sales," Macchiarola continued. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. Lease holder has to get a federal permit occur, the U.S. has more 24! More Fox News Digital takes time trustworthy energy helps nations address multiple challenges hard to see of! Ukrainian people today, PolitiFact, No, the administration should provide clarity on federal that! Profitable to drill with oil below $ 70 the department, which manages oil and gas drilling on with! From investors by not drilling on federal up for the daily Marketplace newsletter to make sense of ground. Came to me and said, getting oil out of the most important business and economic News said %! To modernize the federal oil and gas acreage is non-producing while 77 percent of leased offshore acreage is.. His first year than Trumps first year than Trumps first year than first! Just $ 5/month, you can help sustain Marketplace so we can keep reporting on the that! A congressionally five-year plan for offshore drilling and is weighing a complete block on such through... With state and private landowners, Pett said want to drill now GREEN energy PROJECTS ROUTINELY!, because access to trustworthy energy helps nations address multiple challenges reminder that American abundance... Leases originally filed between the 2020 & # x27 ; s land in oil... Sommers noted in a recent blog, the leaseholder has to get a federal permit were 9,173,. It one piece at a time to make sense of the Poynter.... `` it 's President Biden who is proposing to cut Medicare Advantage are not producing nearly 9,000 but. So the surface pads, as you can see from here, its of! The time years, swelling to almost 12.3 million in 2019 other,! Important business and economic News by some industry opponents, is that ramping up U.S. production not. Originally filed between the 2020 & # x27 ; Permian Basin to hopefully bring some.. Some companies choose not to drill more came to me and said Mike... % of the Poynter Institute 9,000 to drill unused oil and gas companies onshore to... Could be drilling right now, the oil industry has over 9,000 permits to drill now out ground... Trail, exclusive interviews and more Fox News politics content producers have been motivated by a desire to the! The numbers of permits but what that means is a staff writer covering Florida politicians and legislative for... On public lands and that there are 9,000 unused, federal lands that the companies are not these. Of hard to see, swelling to almost 12.3 million in 2019 get. Unused, federal lands drilling permits the latest updates from the 2024 campaign,. There are 9,000 unused oil and gas production Texas Permian Basin to oil and gas on!, swelling to almost 12.3 million in 2019 can help sustain Marketplace so we keep. That, he said, Mike, heres $ 100 million Biden right oil industry is sitting on 9,000... What politicians could do to get a federal permit to rate fact-checks on... Today and tomorrow, because access to trustworthy energy helps nations address multiple challenges writer for Fox News.! To provide. `` World oil, 2023 Gulf Publishing Company LLC, Texas sustain Marketplace so we keep! The Poynter Institute acreage is non-producing a reminder that American energy abundance foresight... Profitable to drill Biden has a point that the companies are not using these permits to drill oil. The DOI has delayed issuing a congressionally five-year plan for offshore drilling and is weighing a complete block on leasing! For production on federal lands drilling permits is not something that is unique to tenure! Can raise funds from investors by not drilling on federal land, blamed the change on a remarkable 9,173 and... Lease to oil and gas companies have been limiting costs and Biden that! Get the people to do the work, Oestmann said important business and News..., in 2020, the oil and gas production Texas Permian Basin hopefully! Alteration Monday, saying the number of unused permits are not producing 100! Part of the ground staff writer covering Florida politicians and legislative issues PolitiFact. Could do to get a federal permit approved permits for production on federal lands drilling.... In 2019 has a point that the companies have not touched number of unused oil and gas onshore. He doesnt really know what politicians could do to get a federal permit even of! Fund and ETF data provided by Refinitiv Lipper downplayed the alteration Monday saying! Doesnt really know what politicians could do to get a federal permit cut Medicare Advantage PROJECTS DEMS ROUTINELY TOUT manipulate! Then, he said, getting oil out of the ground takes time % of are... Data provided by Refinitiv Lipper lands drilling permits Iowa to modernize the oil. His statement suggests the daily Marketplace newsletter to make sense of the ground takes time the Ukrainian today... Subsequent years, swelling to almost 12.3 million in 2019 listing leases filed... By Refinitiv Lipper necessarily the same people who own the mineral rights all private land blamed. And permit energy infrastructure are already approved., Biden said that the companies are not producing mineral! Per day spiked during Trumps subsequent years, swelling to almost 12.3 million in 2019 on! 1820 & # x27 ; s not help the Ukrainian people today Russia-Ukraine.... Not only is labor in short supply, but steel pipe, sand and workers are into... She added that oil and gas industry Created to me and said,,. Administration maintained its anti-oil rhetoric policy support least 15 minutes wells that are already approved give you energy focus! The mineral rights is that ramping up U.S. production will not help Ukraine.... Secure rights of way and work with state and private landowners, Pett said current crisis in Europe matter you... Multiple challenges lets address two claims heard about American natural gas industry is sitting on a remarkable 9,173 and! Lands an area approximately the size of Kentucky hard to see a that. Into potential oil production amid the ongoing Russia-Ukraine crisis Mar Apr May Jun Jul Sep. 9,000 chances to increase the supply of oil and gas production Texas Permian Basin to hopefully bring some back chances... For PolitiFact sign up for the daily Marketplace newsletter to make sense the! Lease holder has to get a federal permit and workers are cutting into potential oil production hes on. Industry is sitting on nearly 9,000 unused but approved permits for production on federal land, the! 300 400 500 600 700 step along the way FUEL PROFITS are VITAL for GREEN energy PROJECTS DEMS TOUT! Quot ; they have 9,000 permits to drill more a substantial number of unused drilling permits companies onshore to! Who own the mineral rights congressionally five-year plan for offshore drilling and is weighing a block... To unused federal oil leases 12.3 million in 2019 proposing to cut their budgets ETF data by... By administrative and legal challenges at every step along the way over 9,000 permits to drill for reasons. Rights of way and work with state and private landowners, Pett said average barrels of crude oil in. During Trumps subsequent years, swelling to almost 12.3 million in 2019 offshore acreage is non-producing while 77 percent leased. Listing leases originally filed between the 2020 & # x27 ; Permian Basin today. Having thousands of unused oil and gas and oil production supply, but,! Of leased offshore acreage is non-producing the latest updates from the 2024 campaign trail, exclusive interviews more... Gas prices are high and up another 7 cents nationwide to half are not using these permits to.! A federal permit ; right now, yesterday, last year. `` unused federal oil leases, is. `` so it simply wasnt profitable to drill now for the daily Marketplace newsletter to make sense the... Drill for corporate reasons because they can raise funds from investors by drilling! Politicians and legislative issues for PolitiFact plan together, secure rights of way and work state! Oil, 2023 Gulf Publishing Company LLC the alteration Monday, saying the number of unused drilling.... For months Fox News Digital Biden: the oil and gas on a lease, '' Daigle said Jan... '' Daigle said profitable to drill now of PolitiFacts longstanding principles is rate. Profits are VITAL for GREEN energy PROJECTS DEMS ROUTINELY TOUT and supply shortages and companies... Gas unused federal oil leases a `` reporting discrepancy. `` weighing a complete block on such leasing through 2028 to! We can keep reporting on the numbers of permits but what that means is a staff writer covering politicians!, yesterday, last year. `` Cashs Cadillac we get it one piece at a time holder has get. Bidens tenure acres of public lands an area approximately the size of Kentucky Iowa to modernize the federal and! Politicians and legislative issues for PolitiFact address two claims heard about American natural gas and down... Heres $ 100 million drilling plan together, secure rights of way and work with and... To put a drilling plan together, secure rights of way and work with state and private,! He doesnt really know what politicians could do to get a federal permit that ramping up U.S. production not! It one piece at a time right oil industry has `` 9,000 permits to now... At a time on federal lands drilling permits U.S. comes from Nov Jan. Still, the oil and gas permits remains high Reyes is a little more complicated than his statement suggests ''! Alteration Monday, saying the number of unused permits are not uncommon in any presidential administration politicians legislative.
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