With gas prices soaring and the Biden administration getting negative publicity and scoring judicial backlash for blocking drilling, the radicals are trying to poison what they can’t block outright.
After Biden’s takeover of BLM, (Bureau of Land Management), it’s still committed to blocking drilling, while formally appearing to authorize it.
That means the royalty rate is up to nearly 1/5th and the amount of space being covered by these leases is less than a fifth.
The poison pill gets worse from there because, as you can guess, the Biden admin is trying to offer poor sites, when possible, that have already been extensively explored and played out.
The game plan here is to avoid criticism by claiming to be offering drilling options even while doing everything possible to deter companies from actually pursuing these options by making them as unprofitable and unviable as possible without technically running afoul of the law.
Biden is still determined to keep America depended on foreign energy, on Islamic oil and Chinese solar panels, instead of building our own energy independence.
mortimer says
Obvious dirty tricks followed by disguised dirty tricks. The American people are not buying the lies and half-truths of the Beijing Bribed-man. They are seeing the mendacity and deception.
The oil industry has to rationalize whether or not to go ahead, because there are risks with any drilling, and the market dislikes risk. A bad oil decision could set the company back. In addition, the Bribed-man geniuses want to raise the rent by changing the tax rules in mid-stream. Another dirty trick.
Do the Bribed-man hidden manipulators want more oil or less oil. DECIDE. Playing this dithering games and dirty tricks will simply disgust the American people.
There is currently NO SUBSTITUTE for petroleum to move our vehicles. They made the wrong choice by promoting electrics, because most people will have no access to an electrical outlet on the street where they can recharge. ELECTRICS ARE A BOODOGGLE.
Pierre Delecto says
Is it my imagination or is every remedy being offered coming in the form of a suppository?
Pray Hard says
Bitin’ is doing everything he can to destroy America and Caucasian Christians. He is a grievous traitor. It’s just that simple. Why has there been no definitive action against him by the military and or the oil/gas industry?
PRCS says
“definitive action against him by the military”
Huh?
gravenimage says
What exactly are you suggesting?
Pierre Delecto says
Seven Days in May©.
Somehow Miley doesn’t make a good Burt Lancaster.
gravenimage says
You do realize that this was fiction? I don’t think we want to become the sort of third world crap hole where the military is always overthrowing the government, whatever our problems.
Doomer says
It will only get worse according to the videos of EPIC ECONOMIST,in youtube
Doomer says
Check out the EPIC ECONOMIST videos,in youtube, full of STATISTICS:
The most recent (all in the Last 10 Days ) are:
”25 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind”
”The Great Supply Chain Collapse To Continue Into 2023”
”20 Signs That American Families Are Being Economically Destroyed.
”15 Facts That Show Rising Prices Are Absolutely Eviscerating America’s Shrinking Middle Class”
”The Commodity-Currency Revolution Has Begun And It’s Only Going To Get Worse”
”15 Financial Facts That Just Might Scare The Living Daylights Out Of You”
”Doomsday ‘Preppers’ Warn Of Hard Times Ahead As Preparedness Goes Mainstream”
”20 Facts About The Emerging Global Food Shortage That Should Chill You To The Core”
gravenimage says
Things *are* bad right now, especially with inflation. But the “Epic Economist” claimed that the nation’s worst stock market crash is approaching.
Of course, he made that claim in February of 2021.
He also claimed that the stock market downturn of 2020 was worse than the stock market crash in 1929.
He also predicted 21% unemployment in 2019, and mass starvation in America in January of 2021…
And all of this is at his site–you don’t even have to dig to find this inaccurate tosh.
https://www.epiceconomist.com/
Doomer says
What I have learned from all sources is that the economic value of a country’s currency will depend on COMMODITIES:
which are divided into AGRICULTURAL and ENERGY.
Agricultural: corn,wheat,coffee,etc.
ENERGY: oil,gas. You can include METALS ( gold, 30 rare-earth metals)
You can also add FERTILIZERS: Russia makes 66% of all fertilizers, and lack of it means Less Production of Agricultural Commodities ( less corn, coffee,etc)
CHINA has 95% of the world’s 30 rare-earth metals that are Absolutely Essential for the manufacture of
laptops,TVs,cellphones.
And 90% of the world’s laptops,cellphones,TVs and 90% of the world’s medicines come from CHINA.
The WEST ( Europe,Canada,US,Australia) has BIG TECH ( Zuckerberg,Bezos, Gates) and BIG PHARMA but they depend on China for their products.
China ( which is Leftist,but NON-Trotskyist) and Russia have learned that BIG TECH and BIG PHARMA are in league with
the Trotskyist Leftists ( wokist,Antifa, BLM), and the original GLOBALISTS ( Soros and Klaus Schwaub) to effect REGIME CHANGE
in China and Russia. To overthrow the governments there and install wokist governements. All to protect the PETRODOLLAR, which they know is falling.
Because the petrodollar is the basis for the globalist agenda of world control. Karl Schwaub is the founder and president of the WORLD ECONOMIC FORUM
and in 2020 wrote “The Great Reset”.
China has to import oil and gas and some coal,but again: it produces 90% of the laptops,cellphones and medicines. The West depends on China for that,it does NOT manufacture much of it.
The globalists are so fanatical that they are still trying to effect regime change in Russia and China. They don’t care if the middle-class in the West is destroyed.
gravenimage says
Doomer wrote:
What I have learned from all sources is that the economic value of a country’s currency will depend on COMMODITIES:
which are divided into AGRICULTURAL and ENERGY.
…………………..
A nation’s currency is based on production–this includes agriculture and energy, but of course not just agriculture and energy.
And the Left does not seem much interested in seeing regime change in China. And why would they? This is another Communist hell hole.
And I notice that Doomer just ignored everything I noted about the “Epic Economist”–so this is really just intended to obfuscate.
CogitoErgoSum says
Joe Biden’s source of energy has just about been depleted too. I hope his order is already in for a solar powered wheel chair – considering the problems with the supply chain. Keep your fingers crossed that your legs hold out, Joe. (It’s too late for his brain. ((Not a joke.))
Ugly Sid says
If you think Joe didn’t get a fair price for selling us out, you’re partly right.
He should have done much better with a public auction, but his hands were tied on this one. He had to go with private placement.
Pity the loss. And there’s no making it up with volume. The USofA was the only item in his inventory. And he let us go for, not even a song, just a lyric. He should have read Art of the Deal©
gravenimage says
Biden’s Drilling ‘Poison Pill’ Sabotages Domestic Energy Production
………….
Just insane–we should be as energy independent as possible.
Gas prices are up over $6 here in the San Francisco bar area–up *over a dollar* from just last month.
OLD GUY says
What a dam shame that America politicians actually are working to destroy this wonderful country for a few bucks. I wonder what they are going to do when those dollars are not worth anything and China has control of the world economy.