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Old 04-28-2023 | 04:43 AM
  #18  
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hoover
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From: cpt 737
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Originally Posted by Cyio
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.
a lot of loose leases are not worth it to drill on. Plus drilling comapnies are weary to drill with this administration since they never know if they will change a policy and make it impossible to get the oil out of the ground they spent millions on drilling.
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