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Biden admin cancels massive oil and gas lease sale amid record-high gas prices
Fox Business ^ | 12 May 2022 | Tyler O'Neil

Posted on 05/12/2022 8:30:14 AM PDT by ShadowAce

Edited on 05/12/2022 9:45:02 AM PDT by Jim Robinson. [history]

The Biden administration canceled one of the most high-profile oil and gas lease sales pending before the Department of the Interior Wednesday, as Americans face record-high prices at the pump, according to AAA.

The DOI halted the potential to drill for oil in over 1 million acres in Alaska's Cook Inlet, along with two lease sales in the Gulf of Mexico. The move comes as Biden has taken a few actions to combat high gas prices, despite his administration's generally hostile approach to the oil industry.


(Excerpt) Read more at foxbusiness.com ...


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: biden; economy; energy; gas; gasprices; ididthat; joebiden; oil; prices
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1 posted on 05/12/2022 8:30:14 AM PDT by ShadowAce
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To: ShadowAce

Remember the Donald Trump meme?

“They are coming after you. I am just in their way.”

Here we are.


2 posted on 05/12/2022 8:33:34 AM PDT by Texas resident ( Let's Go Brandon)
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To: ShadowAce

This should be the ‘big story’ of the day. These environmental extremists are out to destroy the fossil fuels industry and eventually millions will probably die as a result .


3 posted on 05/12/2022 8:33:40 AM PDT by shadowlands1960 ("...some day you will be old enough to start reading fairy tales again... " CSL)
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To: shadowlands1960

yup. The future is not bright.


4 posted on 05/12/2022 8:34:28 AM PDT by ShadowAce (Linux - The Ultimate Windows Service Pack )
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To: Texas resident

Yep! The great reset is well on its way!!


5 posted on 05/12/2022 8:36:19 AM PDT by RoseofTexas
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To: ShadowAce

Insanity! The economy runs on energy. Everything is dependent on it.


6 posted on 05/12/2022 8:36:35 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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To: ShadowAce

The average footprint for an oil/gas well today is around 1 acre...

This Alaska lease was for 1 MILLION acres.


7 posted on 05/12/2022 8:37:38 AM PDT by ridesthemiles
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To: RoseofTexas

The green energy reset is being forced down our throats whether we like it or not!


8 posted on 05/12/2022 8:38:00 AM PDT by RoseofTexas
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To: ShadowAce

Congressional Republicans: We’re not interested in impeaching Biden.


9 posted on 05/12/2022 8:39:17 AM PDT by mass55th ("Courage is being scared to death, but saddling up anyway." ~~ John Wayne )
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To: RoseofTexas

This is the fundamental change Zero was talking about.


10 posted on 05/12/2022 8:43:58 AM PDT by ShadowAce (Linux - The Ultimate Windows Service Pack )
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To: ShadowAce

AND....he’s emptying the reserve by 1 million barrels per day for the next 6 months. Wonder how much we will ship to the EU??


11 posted on 05/12/2022 8:46:09 AM PDT by Sacajaweau ( )
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To: Sacajaweau

“AND....he’s emptying the reserve by 1 million barrels per day for the next 6 months. Wonder how much we will ship to the EU??”


Its almost like he’s ruining us on purpose............


12 posted on 05/12/2022 8:48:38 AM PDT by hillarys cankles
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To: ShadowAce
"there are 10.9 million acres of offshore federal waters already under lease to industry," and "of those, the industry is not producing on more than three-quarters (75.7% or 8.26 million acres)."

People who don’t even have a clue about the oil industry. Let me ask dude, do you even use your car 75% of the day?

13 posted on 05/12/2022 8:54:46 AM PDT by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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To: ShadowAce

This move demonstrates there’s no doubt Biden has contempt for the American people and he knows this deliberate move will make American’s suffer more.


14 posted on 05/12/2022 8:57:21 AM PDT by ProudDeplorable (Concentrated power has always been the enemy of liberty. ~ Ronald Reagan)
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To: ShadowAce

Gotta love how we bring Putin to his knees!!!


15 posted on 05/12/2022 9:01:02 AM PDT by BobL (Putin isn't sending gays into our schools to groom my children, but anti-Putin people are)
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To: shadowlands1960

eventually millions will probably die as a result
Human sacrifices for Gaea. Seems the environmental wacko’s we’re having trouble getting folks to jump into volcanoes these days.


16 posted on 05/12/2022 9:01:21 AM PDT by griswold3 (When chaos serves the State, the State will encourage chaos.)
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To: mass55th

Exactly.
This would not be happening without their complicity.


17 posted on 05/12/2022 9:02:28 AM PDT by Eagles6 (Welcome to the Matrix . Orwell's "1984" was a warning, not an instruction manual.)
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To: mass55th

Good. Get 60 Republican Senators (50+1 House Rs) and we’ll have no problem with Joe


18 posted on 05/12/2022 9:02:42 AM PDT by griswold3 (When chaos serves the State, the State will encourage chaos.)
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To: ShadowAce

And the Republicans stood by and did nothing.


19 posted on 05/12/2022 9:06:28 AM PDT by Dacula
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To: shadowlands1960

“These environmental extremists are out to destroy the fossil fuels industry...”

During WW2 when America was still America, these C-suckers would have been thrown into the Greybar Inn.


20 posted on 05/12/2022 9:21:51 AM PDT by Bonemaker (invictus maneo)
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