Posted on 01/23/2021 8:33:57 AM PST by brownwill6767
The federal government’s 60-day suspension of new oil and gas leasing and drilling permits on public lands sent shockwaves through the industry in New Mexico and divided industry experts over potential impacts.
“It’s very much putting politics above science,” said Ryan Flynn, president and CEO of the New Mexico Oil and Gas Association.
Members of the oil and gas industry and economic experts are weighing the potential impact of the federal government’s 60-day suspension of new ail and gas leasing and drilling permits on public lands. (Jim Thompson/Albuquerque Journal) Acting Secretary of Interior Scott de la Vega on Wednesday ordered a 60-day moratorium on new leases, drilling permits or other contracts needed to extract fossil fuels on federal lands, both onshore and offshore. The rule doesn’t affect existing permits.
Flynn said he was “disappointed” by the order after it was announced Thursday. He said he doesn’t believe the suspension would help reduce emissions, and that the order interrupts the development of infrastructure that connects new and existing wells to pipelines, forcing operators to flare methane emissions rather than recovering them.
(Excerpt) Read more at abqjournal.com ...
Dawn Iglesias, the chief economist for the Legislative Finance Committee, told lawmakers during a committee hearing Thursday the state’s most recent revenue estimates do not account for the change in federal policy.
“If there are limitations on federal drilling … that could significantly impact production,” Iglesias said, adding about half of the state’s oil production currently occurs on federal land.
And suddenly, we know why NM sent its own slate of electors....
Hello.......
Biden said he was going after oil and coal.
Didn’t you idiots believe him?
N.M. Biden 54.29% Trump 43.50%
Suck it, New Mexico. You broke it, you won it.
Note to NM’s oil industry: Then you lot deserve a Godzilla facepalm.
Your fail is THAT epic.
Welcome to the “Great Reset” Boomers! Stinks to be us. Illegitimate Junta and junk science. Wheee.
We live in a moronocracy.
There’s stupid,
Then there’s NM DemVoter stupid...
/sarc
“If the goal is to combat climate change..”
Totally bull shit false premise to base anything on. It’s insanity.
Idiocracy isn’t just a movie, it’s the democrat party!
Much of Montana’s oil and gas production is done on federal lands. This will dramatically affect the job situation there too. President Donald Trump opened up the jobs by drastically reducing restrictions on federal lands. Well, wonder how NeverTrumper Liz Cheney feels about this edict from Biden.
Yep. Probably THE generation the prophets spoke of...
Oh. Wait. Someone did.
..don’t know whether to laugh 😂, cry 😢or say EFFIN SUCKERS! 😡coming to our state too!!
Article is behind the ABQ paywall.
It would be interesting to read the comments from ABQ residents.
“ N.M. Biden 54.29% Trump 43.50%
Suck it, New Mexico. You broke it, you won it.”
*************
Agree. What’s interesting is Biden made no secret that he would go after fossil fuels and shut down drilling and fracking on federal land. Maybe NM folks are too dumb to read a map and don’t know that 90% of the state is public land 🙄?
We do at that.
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