Katy Stech Ferek of The Wall Street Journal provides an overview of oil leases on federal lands.
- Roughly 25% of domestic oil production occurs on public lands.
- The Biden administration has made it harder to produce energy domestically by placing a drilling moratorium on public lands.
- American fossil fuels can play a key role in reducing global emissions by displacing dirtier sources of energy.
- To boost energy security for us and our allies, the Biden administration should open up drilling on federal lands.
“Industry representatives say Mr. Biden’s citation of 9,000 unused permits is misleading for several reasons. More than 2,000 of those leases are tied up in litigation, making them unusable, according to the Independent Petroleum Association of America. Once a permit is secured, companies spend time evaluating the land and sometimes decide it’s not worth pursuing for production.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
