Godlike Productions - Discussion Forum
Users Online Now: 1,981 (Who's On?)Visitors Today: 373,841
Pageviews Today: 619,093Threads Today: 212Posts Today: 3,786
08:29 AM


Back to Forum
Back to Forum
Back to Thread
Back to Thread
REPLY TO THREAD
Subject Fact Checking the so called 9000 unused oil and gas leases we keep hearing about...
User Name
 
 
Font color:  Font:








In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
Original Message The Biden administration also points to the 9,000 unused gas and oil leases as a major reason why the U.S. can’t increase energy production.

Members of the administration have been promoting the idea that companies are free to simply start using these leases if they’d like to. However, these statements can be misleading.

According to a Department of Interior report, the U.S. had more than 37,000 oil and gas leases just last year — so 9,000 is a small number comparatively — and just because an oil company has a lease doesn't mean they can just start drilling.

They must organize and safely manage their reservoir and satisfy several regulatory requirements, such as an onsite inspection, environmental review and permit approval. This process can actually take up to 10 years.

Experts say even if these companies start drilling more oil wells today, it could take anywhere from six months to years for that oil to start flowing.

[link to katv.com (secure)]
Pictures (click to insert)
5ahidingiamwithranttomatowtf
bsflagIdol1hfbumpyodayeahsure
banana2burnitafros226rockonredface
pigchefabductwhateverpeacecool2tounge
 | Next Page >>





GLP