WebMar 9, 2024 · President Biden criticized oil companies as he announced the U.S. ban on Russian oil imports in response to the invasion of Ukraine, saying U.S. producers "have 9,000 permits to drill now ... WebAug 1, 2024 · Those 9,000 permits Biden mentioned allow companies to drill on federal land . “You know, if the federal government is complaining about 9,000 leases, not having anything done with them — well ...
Are Oil Companies “Sitting on” 9,000 Leases? What’s Really Behind …
WebMar 4, 2024 · But if that’s true, why hasn’t record oil extraction from both federal and non-federal ... to approve a few new leases or ... land and is sitting on more than 9,000 approved drilling ... WebDec 1, 2024 · Biden himself pioneered the claim about 9,000 permits in March, though pointing to permits as a way to blame supposedly lazy and greedy oil companies dates back to Bill Clinton. “It’s simply not true that my administration or policies are holding back domestic energy production,” Biden insisted. “ [Oil companies] have 9,000 permits to ... how many working sets per workout
Fact-checking Biden’s claim that there are 9,000 unused oil drilling ...
WebMar 10, 2024 · The oil industry is sitting on 10 years’ worth of unused leases. The oil industry already has at least 10 ... approximately $4.37 billion—about $9,000 per ... For true energy ... WebMar 7, 2024 · “There are 9,000 unused, approved drilling permits. ... saying that the federal government has "halted new oil and gas leases—" An executive order signed by President Biden shortly after taking office did "direct the Department of the Interior to pause new oil and natural gas leasing on public lands and offshore waters, ... WebMar 8, 2024 · However, the unused drilling leases represent a fraction of the active permits, many of which are being used by the private sector to produce oil and gas daily, industry groups said. There are more than 37,496 active oil and gas leases nationwide, meaning more than 75% are in use, according to the latest Bureau of Land Management (BLM) data. how many working hours in june