No wonder we don’t get more oil production in the US

January 2020: All leasing of Federal land for oil and gas exploration was stopped

 

June 2021: the courts intervened saying the Department of the Interior was breaking the law. The Department appealed but lost again

 

November 2021: Interior sold some offshore leases

 

February 2022: Court intervened again— no one considered the greenhouse gases for oil consumed outside the US. Stop exploring

 

March: Oil interests threaten more court action for getting onshore leases

 

April 2022: 144,000 on-shore acres offered for lease — which is the absolute minimum quantity set by the courts. Interior changed the royalty from 12.5% to 18.75%. And it takes ~6 months to get a permit to drill. Texas does it in a few days.

6.14

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