Posted on 01/23/2021 5:43:52 AM PST by karpov
Any doubt that the Biden Administration plans to slowly regulate fossil fuels out of existence vanished this week. First came the Keystone XL pipeline kill, but perhaps more significant is the 60-day freeze on new leases on federal lands and bureaucratic permitting. The pause could soon become a long-term ban.
Federal lands account for about 22% of U.S. oil production, 12% of natural gas and 40% of coal. When the Obama Administration slowed oil and gas permitting on federal land, drilling and exploration shifted to private land. The Biden Administration may shut that down too.
Start with the 60-day suspension on new leases on federal land. Producers in older oil and gas fields won’t be significantly affected, and many have already scaled back investment in places like California and Louisiana while pouring more into shale. But shale fracking occurs in large part on federal land in western states, and it continually requires new leases and investment.
Federal land accounts for 51.9% of New Mexico’s oil production and 66.8% of its natural gas, as well as a sizable share of gas extraction in Colorado (41.6%), Utah (63.2%) and Wyoming (92.1%). A federal leasing ban would cost some 18,000 jobs in Colorado, 33,000 in Wyoming and 62,000 in New Mexico by 2022, according to the American Petroleum Institute.
States would also lose hundreds of millions of dollars of mineral royalties that are shared by the feds. Oil and gas revenue accounts for 20% of New Mexico’s budget. Downstream suppliers like fracking sand mines in Wisconsin and steel manufacturers in Pennsylvania would also be hit.
(Excerpt) Read more at wsj.com ...
Buttigieg will ensure federal fuel taxes increase dramatically to offset climate change and provide funding for infrastructure spending.
Then, he will implement the vehicle mileage tax to doubly penalize ICE vehicles.
FU WSJ
All you did was bash Trump. I fking hate these people. Watch NRO start complaining about Biden next.
Yea just stfu you traitors.
Colorado and New Mexico should be more careful who they vote for. No sympathy there.
Politicians in Wisconsin and Pennsylvania who supported the steal should pay a political price. This one is going to hurt.
They couldn’t care less. The only question is have our demographics shifted so much that we are filled with zombie democrats who will vote d while their party wrecks the country. I’d say we’re close.
Yes, now the Wall Street Journal can be the “high minded opposition”, accomplishing nothing, having achieved the very policies they despise. I have no sympathy and no ear for them, National Review, the Lincoln Project or any of the other neverTrump organizations.
Get ready to pay $32.95 for a pound of 80% lean burger, if they “permit” you to eat red meat..
Seriously, this is not only a threat to our National Security, it will drain the pockets of every American..
They think we are stupid and will fall right in line... They have another thing coming, though, and it won’t be to their liking😉
Face it. The American standard of living will decline sharply. It is very doubtful that the Republican Party under its current leadership will be as adroit as the Democrats were in formulating an effective resistance. McConnell must be quickly replaced.
Where are the countersuits? The ink wasn’t dry on Trump’s orders before they were overturned in court.
Zombie democrats might no be able to afford $5.00 gasoline and the associated cost.
If it were not for voter fraud, the democrats would be cutting tonto their base in a terminal fashion.
I hope their spoiled brainwashed progeny get what’s coming to them, while their disillusioned parents look on.
Let it burn!
They will be promoted to grander levels of graf and corruption
Back to hiding behind strongly worded missives, while asking the base to shut up and take it.
Et tu “conservative” media!!!!
Anyone who has been paying attention ought to know how this game works.
Politicians like Joe Biden send their family members to go work for energy companies in foreign countries ... while Biden works hard to shut down energy production here in the U.S. This happens all the time with these @ssholes. John Kerry has been doing it for years with his kids.
Their goal isn’t to regulate fossil fuels out of existence. It’s to replace domestic fossil fuels with foreign fossil fuels. They just want to enrich themselves through their foreign “investments” at the expense of Americans.
Shiite just got expensive. Diesel Fuel isn’t free, and American trucks and trains run on the stuff
I guess this was the wrong year to have a Jeep Grand Cherokee HEMI V8.
Politicians like Joe Biden send their family members to go work for energy companies in foreign countries ... while Biden works hard to shut down energy production here in the U.S. This happens all the time with these @ssholes. John Kerry has been doing it for years with his kids.
Their goal isn’t to regulate fossil fuels out of existence. It’s to replace domestic fossil fuels with foreign fossil fuels. They just want to enrich themselves through their foreign “investments” at the expense of Americans.
——————
Bowing to the Saudis and Iranians is back in our future.
Politicians like Joe Biden send their family members to go work for energy companies in foreign countries ... while Biden works hard to shut down energy production here in the U.S. This happens all the time with these @ssholes. John Kerry has been doing it for years with his kids.
Their goal isn’t to regulate fossil fuels out of existence. It’s to replace domestic fossil fuels with foreign fossil fuels. They just want to enrich themselves through their foreign “investments” at the expense of Americans.
——————
Bowing to the Saudis and Iranians is back in our future.
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