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Biden suspends oil-drilling leases in Alaska's Arctic refuge


MovieMadness
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Biden suspends oil-drilling leases in Alaska's Arctic refuge

The Biden administration on Tuesday suspended oil and gas leases in Alaska’s Arctic National Wildlife Refuge, reversing a drilling program approved by the Trump administration and reviving a political fight over a remote region that is home to polar bears and other wildlife — and a rich reserve of oil.

The Interior Department order follows a temporary moratorium on oil and gas lease activities imposed by President Joe Biden on his first day in office. Biden’s Jan. 20 executive order suggested a new environmental review was needed to address possible legal flaws in a drilling program approved by the Trump administration under a 2017 law enacted by Congress.

After conducting a required review, Interior said it “identified defects in the underlying record of decision supporting the leases, including the lack of analysis of a reasonable range of alternatives'' required under the National Environmental Policy Act, a bedrock environmental law.

The remote, 19.6 million-acre refuge is home to polar bears, caribou, snowy owls and other wildlife, including migrating birds from six continents. Republicans and the oil industry have long been trying to open up the oil-rich refuge, which is considered sacred by the Indigenous Gwich’in, for drilling. Democrats, environmental groups and some Alaska Native tribes have been trying to block it.

Former President Bill Clinton vetoed a GOP plan to allow drilling in the refuge in 1995, and the two parties have been fighting over the region ever since.

The U.S. Bureau of Land Management, an Interior Department agency, held a lease sale for the refuge’s coastal plain on Jan. 6, two weeks before Biden took office. Eight days later the agency signed leases for nine tracts totaling nearly 685 square miles (1,770 square kilometers). However, the issuance of the leases was not announced publicly until Jan. 19, former President Donald Trump’s last full day in office.

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Biden keeps implementing policies that are driving up the price of oil,  we hit a new high in gas prices because of him.

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Since nothing has came out of the refuge area thus far, there would be no impact on oil production or prices.

The US Bureau of Land Management is now selling the drilling rights to 22 tracts of land covering about one million acres not included in the disputed area.

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1 hour ago, hamradio said:

Since nothing has came out of the refuge area thus far, there would be no impact on oil production or prices.

The US Bureau of Land Management is now selling the drilling rights to 22 tracts of land covering about one million acres not included in the disputed area.

Correct;    In addition when Shell was given limited access they made major mistakes and broke most of their promises to protect the environment.   Shell pulled out because they knew they were just not competent enough to drill without doing major damage.

I can see opening up some of the refuge area lands but it would take a lot of independent supervision to ensure the drilling is done according to agreements required to protect this unique area.

 

 

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4 hours ago, NipkowDisc said:

what an idiot!

Don’t call MM an idiot, even if he gives idiotic takes on all things Biden.  Wait a minute, so do you lol.  Some you may as well call yourself an idiot too!!

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21 hours ago, MovieMadness said:

Biden keeps implementing policies that are driving up the price of oil,  we hit a new high in gas prices because of him.

Once again Madman has posted misinformation (at best).  Current gas prices have NOTHING to do with Biden or any of his policies.  It is all market driven and based on supply and demand.  People are once again driving too much, driving too fast, driving too far and driving fuel inefficient vehicles.  Not to mention other ways of wasting petroleum products.  Naturally the petroleum producers and others are going to capitalize on this.

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Gas prices for regular in my area are running $2.55 to 2.60.  This at a time when thousands are hitting the road for vacations, trips to lakes and beaches, shopping and much, much more.

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You have to allow the industry to drill new wells to keep the supply flowing, because wells only last so long before the oil runs out. This isn't that hard to understand. The alternative is to keep giving our money to Saudi Arabia.

Jimmy Carter ran up oil prices, Obama ran up oil prices, and now Biden is doing it.

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3 minutes ago, MovieMadness said:

You have to allow the industry to drill new wells to keep the supply flowing, because wells only last so long before the oil runs out. This isn't that hard to understand. The alternative is to keep giving our money to Saudi Arabia.

Jimmy Carter ran up oil prices, Obama ran up oil prices, and now Biden is doing it.

And when it all runs out (cough, cough)?  I guess you aren't worried about that.

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This was a big Trumpian failure (like most of his business deals), but it was understandably lost in the chaos of Jan 6, as the lease sale was held that same day.

The lease sale was unsuccessful.  No drilling had started yet, so the impact to the current energy economy is nil. 

22 tracts were up lease.  Only 11 were leased.

None of the big oil companies bid on these leases, which should be telling.   Only one small energy company bid on a tract.  The other leases were won by a real estate development company and the state of Alaska.

The lease sale resulted in a whopping $14.4M, most of it from the state of Alaska.  That amounts to under $3/acre.   Most energy company pay hundreds to a thousand times that rate for leasing interests when they have evidence of economically recoverable oil or gas. 

 The federal government gets half of that $14.4M; the state gets the other half.   It probably cost more than that to run the leasing process...

The Trump Administration had estimated lease proceeds of $1.8B over a decade's time.  The AWNR leases were part of the deal for the 2017/18 tax cuts.  Proceeds are supposed to provide revenue to partially cover the cost of those tax cuts.   

https://www.adn.com/business-economy/energy/2021/01/06/anwr-lease-sale-brings-in-144-million-in-bids-mostly-from-alaska-state-owned-corporation/

 

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15 minutes ago, txfilmfan said:

The lease sale resulted in a whopping $14.4M, most of it from the state of Alaska.

The Trump Administration had estimated sales of $1.8B over a decade's time.

 

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On 6/4/2021 at 10:55 AM, MovieMadness said:

You have to allow the industry to drill new wells to keep the supply flowing, because wells only last so long before the oil runs out. This isn't that hard to understand. The alternative is to keep giving our money to Saudi Arabia.

Jimmy Carter ran up oil prices, Obama ran up oil prices, and now Biden is doing it.

I thought it was OPEC that ran up oil prices in 1973(Nixon's watch!  ;) )  BEFORE Carter got in.  But by then the die was cast, and nobody since, not REAGAN(republican),  BUSH 41( republican)  were able to get the prices down.  The prices remained high but stable through Clinton, but up again after 9/11(Another Bush, and republican too)  So the blame can't rest on ANY particular political party.  I don't recall prices dropping during the Trump administration, although they did drop plenty during the early months of the Covid-19 pandemic.  And unless you're willing to credit Trump with the coronavirus, HE never really lowered oil and gasoline prices notably.  

Sepiatone

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On 6/4/2021 at 7:55 AM, MovieMadness said:

You have to allow the industry to drill new wells to keep the supply flowing, because wells only last so long before the oil runs out. This isn't that hard to understand. The alternative is to keep giving our money to Saudi Arabia.

Jimmy Carter ran up oil prices, Obama ran up oil prices, and now Biden is doing it.

Hahahahaha!!! Guess you never heard of green energy.

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On 6/4/2021 at 10:55 AM, MovieMadness said:

You have to allow the industry to drill new wells to keep the supply flowing, because wells only last so long before the oil runs out. This isn't that hard to understand. The alternative is to keep giving our money to Saudi Arabia.

Jimmy Carter ran up oil prices, Obama ran up oil prices, and now Biden is doing it.

Do you ever tire of being absolutely wrong 99.9% of the time?

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