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> 25% And still do, today. None of those leases has been closed. If you're making some claim that Biden shut down existing leases in production, please provide
by hindsightbias 4y ago
> 25%
And still do, today. None of those leases has been closed. If you're making some claim that Biden shut down existing leases in production, please provide a citation.
https://www.nytimes.com/2022/04/26/business/energy-environment/oil-us-europe-russia.html https://www.nytimes.com/2022/04/26/business/energy-environme...
"Executives at 141 oil companies surveyed by the Federal Reserve Bank of Dallas in mid-March offered several reasons that they weren’t pumping more oil. They said they were short of workers and sand, which is used to fracture shale fields to coax oil out of rock. But the most salient reason — the one offered by 60 percent of respondents — was that investors don’t want companies to produce a lot more oil, fearing that it will hasten the end of high oil prices."