In Reply to: Yes, I agree. Still think Biden erred - both energy-wise and politically. nt posted by Rick W on June 24, 2022 at 10:51:16:
And the 'real' oil industry, the big guys, knows that as they have more leases on hand than they can possibly drill on.
All of the Texas side of the Permian Basin (5 mmbpd or nearly half of all US production) is on private land and the small part that's in New Mexico (a third?), while 55% on federal land is mostly already leased.
What's the big deal?
Nothing Biden can do but talk to his base by preventing wild-catters who are small fish that don't produce any real volume anyway, from drilling in our federal parks.
First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass
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Follow Ups
- Biden was just playing to his base... - Ivan303 06/24/2211:42:34 06/24/22 (1)
- Maybe, but he gave Repubs a big target at a time with high gas prices/inflation. - Rick W 13:44:23 06/24/22 (0)