And then say hello to higher prices for everything
“Biden admin unveils sweeping new actions increasing costs for oil, gas leasing”
“Under the proposal, the lease bond oil and gas developers are required to pay will be hiked from $10,000 to $150,000 and statewide from $25,000 to $500,000, the DOI said. The DOI said the current bonding requirements, established in 1960, are outdated and don’t cover potential federal costs to reclaim a well if companies don’t meet reclamation requirements”
Xcel is guaranteed huge new profits on every dollar spent building new facilities. This is a tremendous incentive for tax free Xcel..