Originally Posted by
ElonMusk
2017-2018 Trump Admin approved 6,172 oil and gas leases
2021-2022 Biden Admin approve 6,430 oil and gas leases
Record profits for oil and gas companies in last two years, 2022 was 220B alone with 10B returned to shareholders.
Seems to me the Biden admin is approving and allowing the market to run. While at the same time they are trying to kick start and keep the momentum going on alternate energy sources. Same thing was done in the previous century in regards to coal/oil industries.
People who think myoptically are often blinded.
Originally Posted by
Smooth at FL450
It can be tough to move off enshrined talking points even when the landscape has clearly changed...
Let's be fair here, this is only the case because it was part of the Inflation Reduction Act and
Sen. Joe Manchin making sure it was in the deal . It's not like Biden woke up and suddenly had a pro-oil viewpoint but rather has been compelled to offer up and renew oil leases. Sadly it will take time for these effects to lower the cost of oil but again, he didnt do it because of a change in policy on the democratic ticket and "enshrined talking points" are based on his own 2020 campaign pledge to NOT offer new oil and drilling licenses on public lands.