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Do you think there has been fewer permits issued under Biden? Because there haven't[0]. There were many thousands of existing leases not being developed[1], an
by pwinnski 4y ago
Do you think there has been fewer permits issued under Biden? Because there haven't[0].
There were many thousands of existing leases not being developed[1], and now a record number of permits--both in percentage terms and as raw numbers--have been issued under Biden.
Turn off the political info and look at the reality: this is not, and has not been, a domestic leasing issue. The Russian invasion of Ukraine has really been as catastrophic for oil prices as people have been saying, which is why this is a worldwide problem, not just a US problem.
0. https://news.yahoo.com/us-oil-and-gas-permitting-has-increased-under-biden-data-show-223504727.html https://news.yahoo.com/us-oil-and-gas-permitting-has-increas...
1. https://news.yahoo.com/fact-checking-biden-claim-9-170008791.html https://news.yahoo.com/fact-checking-biden-claim-9-170008791...
- hervature 4y agoMaybe third time is the charm. I'll quote myself. > Like I said, this signaling is more powerful than the actual policy because it prevents investment as the ROI is too risky.