Posted on 11/15/2021 5:04:19 PM PST by Libloather
The Biden administration is preparing to sell off more than 80 million acres of the Gulf of Mexico to oil and gas drilling companies in the largest federal offshore drilling auction in U.S. history—less than a week after the UN climate change conference COP26, where nearly 200 nations promised to reduce fossil fuel emissions.
The annual Gulf of Mexico lease sale is planned for November 17 in New Orleans.
The 80 million acres on sale is expected to produce around 1.12 billion barrels of oil and 4.2 cubic feet of natural gas over the next 50 years.
The controversial auction will take place only months after Hurricane Ida ravaged old fossil fuel infrastructure on the coast of Louisiana, leaving dozens of oil spills and petrochemical leaks in its wake.
Unsurprisingly, the move has drawn the ire of climate campaigners.
More than 250 environmental, indigenous and social justice groups sent a letter to U.S. President Joe Biden and other officials in his administration on Wednesday with an "urgent plea" to cancel the lease sale, which they said "makes a mockery" of the climate commitments made at COP26 to avoid a disastrous increase in global heating of over 1.5 °C more than pre-industrial levels.
(Excerpt) Read more at newsweek.com ...
Great news!
Am burning two tires tomorrow in celebration.
I’m betting the ChiComs will win the bids for a lot of it.
Those who think the industry is going to sink huge amounts of money into drilling ventures with this administration are out of their minds.
Bingo!! They probably already won the bids two weeks after cheating Beijing Jo’s inauguration. LETS GO BRANDON!!
These leases may be required by law. I seem to recall there was a to do about the administration trying to avoid some required leasing a couple of months back. This may be the required auctions.
They will put them up for auction, take their money, then shut them all down.
Or they will sell them all to F’ing China.
“ The Biden administration is preparing to sell off more than 80 million acres of the Gulf of Mexico”
Nothing is sold - fake news. 🤪
Same LEASE auction as they’ve held for decades. The government makes a lot of $ but sells nothing
https://apnews.com/article/climate-change-joe-biden-business-courts-new-orleans-c7e50421f26e6188652651c9f1351b94
They probably already won the bids
TalyBiden is meeting with CCP Leader xi right tonight , that’s probably why
( that and maybe get some kid sex slaves to molest )
You’re exactly right good memory.
The courts FORCED President Retard to resume the leases
“ NEW ORLEANS (AP) — The Biden administration’s suspension of new oil and gas leases on federal land and water was blocked Tuesday by a federal judge in Louisiana, who ordered that plans be resumed for lease sales that were delayed for the Gulf of Mexico and Alaska. ”
New Orleans is where it all takes place. My company used to bid every year and I was responsible for providing lease data for all the blocks in the gulf.
Early retired now.
Does Joe know what it is, or does he think it’s a pony or something?
I think you may be on to something. They wouldn’t do this for any other reason.
They want the Energy sector to die.
Today's infrastructure bill PROHIBITS extraction from "unincorporated areas".
And then prohibits extraction near inhabited areas ....i.e. incorporated areas"....
“ 4.2 cubic feet of natural gas”
Journalists….
L
It will take years to explore and develop. It is a meaningless PR announcement to a nation that will freeze this winter.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.