The "Gaia First" Commie Rats have been planning to "take America off fossil fuels" for decades, and now they are.
The "Gaia First" Commie Rats have been planning to "take America off fossil fuels" for decades, and now they are.
“In a hearing on the Interior Department’s fiscal 2023 budget request, Manchin pushed back on the administration’s repeated references to the industry’s 9,000 unused leases to explain the energy crisis, arguing the administration has the power to pressure industry to use them.”
Some of the Ukraine supporters here (the Neocons) are making the same claim about oil companies not using their leases...now I know they’re getting their talking points from Biden.
Does Joe Manchin actually care about his constituency? How quaint. How racist./s
What is it about communists and their, "five year plans"? They seem to be awfully fond of them.
They are following the World Economic Forum agenda. This is what we are dealing with. Climate change rhetoric. It has been the push since the 1970’s and now becoming a horrendous reality.
Manchin has been good, a shame that he is more on the ball than most Republicans.p
About these “unused leases”. First the administration referred to these as “unused permits” ready to be drilled and which the industry was intentionally delaying to drive up prices and increase profits. That whole concept is remarkably incorrect and flawed.
1. Independent oil and gas producers explore for drill and produce oil and gas to make money. They have to DISCOVER oil & gas and produce it at economic rates and quantity to recoup their investment and make money. They are not in the business of refining oil into gasoline to sell at your corner filling station.At current prices their incentive is to drill and produce every drop as quickly as possible.
2. Producers risk their money on leases on the chance there may be oil and gas in place but have to conduct time consuming and expensive seismic surveys to further delineate areas of interest until determining the areas (if any) within such leases that are most likely to produce.
3. The process takes years with no guarantee of success. Even in trends of known production with analog wells and fields a commercial success rate of 25% on wildcat (unproven) exploration wells is the rule.
More smokescreens by the Brandons to shift blame and further the destruction of the hydrocarbon industry upon which we must rely for the next 30+ years and advance the green agenda which only adds to inflation and causes “electricity rates to necessarily skyrocket” (per the Manchurian puppet controlling the strings of the current resident puppet). Much of the country I’m afraid has been indoctrinated and is incapable of rational thought and analysis.
About 10 years ago my extended family was contacted by an oil company to lease our old 160 acre Texas farm that dated back to the 1850s. Our ancestors had wisely maintained the mineral rights to the property. Anyway we were paid a substantial bonus for the lease and offered excellent royalty rates. We were assured that drilling would begin soon. Well, time drags on and the 3 year lease expires with no hint of drilling or renewal.
This all goes to show that oil companies aggressively pursue leases but don't always act on them.
Ah yes, the “five year plan.”
Stalin had a lot of five year plans.
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