Biden Admin, Dept of Interior report explains why gas prices are so high.

[TN Lion]

The report deals with the scheduling of drilling leases, particularly for offshore reserves (of which there has been exactly one thus far during Biden’s time in office) and how the White House plans to handle such auctions in the coming years. Tucked away in the lengthy document is a direct acknowledgment that energy prices would come down if leases were being offered on a normal schedule, but the administration is still considering a plan where the number of auctions might be… zero.

“New OCS [Outer Continental Shelf] oil and natural gas production … lowers the price consumers pay and producers receive.”

So Joe Biden’s own Interior Department (headed up by Deb Haaland) is admitting in official documentation that if they were holding these auctions as required by federal law, not only would the cost to consumers be lower, but it would drive down the profits of the energy companies that Biden is complaining about so loudly.

 

[Obliviax]

The report deals with the scheduling of drilling leases, particularly for offshore reserves (of which there has been exactly one thus far during Biden’s time in office) and how the White House plans to handle such auctions in the coming years. Tucked away in the lengthy document is a direct acknowledgment that energy prices would come down if leases were being offered on a normal schedule, but the administration is still considering a plan where the number of auctions might be… zero.

“New OCS [Outer Continental Shelf] oil and natural gas production … lowers the price consumers pay and producers receive.”

So Joe Biden’s own Interior Department (headed up by Deb Haaland) is admitting in official documentation that if they were holding these auctions as required by federal law, not only would the cost to consumers be lower, but it would drive down the profits of the energy companies that Biden is complaining about so loudly.

good stuff and makes complete sense.

Aside from that, why would an oil company invest in drilling new wells that won't pay off until 8-10 years in the future when the entire democratic party (the one that controls the Federal Govt and most of the high population states) is actively trying to kill your industry?

 

[CaptainStabbin1]

Red Wave........................ Vote these radicals outta office, sooner, the better!

 

[junior1]

The report deals with the scheduling of drilling leases, particularly for offshore reserves (of which there has been exactly one thus far during Biden’s time in office) and how the White House plans to handle such auctions in the coming years. Tucked away in the lengthy document is a direct acknowledgment that energy prices would come down if leases were being offered on a normal schedule, but the administration is still considering a plan where the number of auctions might be… zero.

“New OCS [Outer Continental Shelf] oil and natural gas production … lowers the price consumers pay and producers receive.”

So Joe Biden’s own Interior Department (headed up by Deb Haaland) is admitting in official documentation that if they were holding these auctions as required by federal law, not only would the cost to consumers be lower, but it would drive down the profits of the energy companies that Biden is complaining about so loudly.

I don't understand. Biden just told us how much money we were saving because gas prices have come down from their highs during this administration. hahahahhah
remember it was $5/gal when he took office

 

[Obliviax]

I don't understand. Biden just told us how much money we were saving because gas prices have come down from their highs during this administration. hahahahhah
remember it was $5/gal when he took office

he reminds me of this....at least back then we knew it was crazy. Today, the left is trying to protect this idiotic rhetoric.

 

[ChiTownLion]

The report deals with the scheduling of drilling leases, particularly for offshore reserves (of which there has been exactly one thus far during Biden’s time in office) and how the White House plans to handle such auctions in the coming years. Tucked away in the lengthy document is a direct acknowledgment that energy prices would come down if leases were being offered on a normal schedule, but the administration is still considering a plan where the number of auctions might be… zero.

“New OCS [Outer Continental Shelf] oil and natural gas production … lowers the price consumers pay and producers receive.”

So Joe Biden’s own Interior Department (headed up by Deb Haaland) is admitting in official documentation that if they were holding these auctions as required by federal law, not only would the cost to consumers be lower, but it would drive down the profits of the energy companies that Biden is complaining about so loudly.

John Kerry basically telling oil companies to load up on cash.

 

[The Spin Meister]

The report deals with the scheduling of drilling leases, particularly for offshore reserves (of which there has been exactly one thus far during Biden’s time in office) and how the White House plans to handle such auctions in the coming years. Tucked away in the lengthy document is a direct acknowledgment that energy prices would come down if leases were being offered on a normal schedule, but the administration is still considering a plan where the number of auctions might be… zero.

“New OCS [Outer Continental Shelf] oil and natural gas production … lowers the price consumers pay and producers receive.”

So Joe Biden’s own Interior Department (headed up by Deb Haaland) is admitting in official documentation that if they were holding these auctions as required by federal law, not only would the cost to consumers be lower, but it would drive down the profits of the energy companies that Biden is complaining about so loudly.

This is lies, all lies. We all know that the real culprit in high energy prices are the evil greedy oil companies. We know that because that’s what Magoo and his lovely press secretary said🤷🏼‍♀️