4 ms·
This current administration cancelled yet another round of oil and gas leases recently. I really can’t comprehend why they think this is a good idea. https://w
by zthrowaway 4y ago
This current administration cancelled yet another round of oil and gas leases recently. I really can’t comprehend why they think this is a good idea.
https://www.usnews.com/news/politics/articles/2022-05-12/biden-cancels-offshore-oil-lease-sales-in-gulf-coast-alaska?context=amp https://www.usnews.com/news/politics/articles/2022-05-12/bid...
- johncearls 4y agoThe democrats told us they wanted to get rid of carbon based fuels. This is what that looks like. There is no way to get to that without going through this.
- joezydeco 4y agoMaybe because the refineries are maxed out? Pumping more oil isn't going to help in the short term. And the oil companies aren't risking more (expensive) refineries long-term when the world is moving off of oil.
- zthrowaway 4y agoHow are they maxed out? I don't think that's the case at all, neither can I find any substantial evidence to back that claim. There's an obvious change between Trump and Biden. The latter canceling oil and gas leases since getting into office in the name of clean energy.
- joezydeco 4y agohttps://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/061022-feature-us-drivers-in-for-expensive-summer-as-refiners-grapple-with-high-demand https://www.spglobal.com/commodityinsights/en/market-insight...