Say what?! ‘U.S. oil & natural gas production & exports’ continue to expand into record territory even during Biden admin – Geologist explains
Geologist Gregory Wrightstone comments on oil and gas production continuing during Biden admin:
“Federal lands increase can be explained by the length of time needed to bring these properties into drilling and production from when the lease is issued to when the bit starts turning to the right. Most are offshore in the Gulf of Mexico, and many are in deep water. Most of the remainder are in Alaska. Both with long pre-drill times compared to wells on private lands.”
“The overwhelming majority of land-based drilling in America is for shale oil and gas reservoirs, and virtually all of that is on privately owned lands, so the Biden/Harris War on Oil is not able to slow them down. States issue the permits, and they have a strong incentive to be efficient in doing so.”
“Oil and Gas Production 3 – The Biden/Harris War on Oil Effect may not be seen for several years due to long lead times between acquisition and actual production.
The bottom line is that we are the dominant oil and gas producer, not BECAUSE of Biden/Harris, but IN SPITE of them. Just think what we could be doing with a pro-development president.”
To sum up, the increase in Federal production may be reflective of increasing leasing under Trump, which is just showing up now.”
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