Political Quotes

“From day one in his administration, Joe Biden declared an all-out war on American energy production and exploration. He made it clear that he cares more about appeasing the radical climate change activists than protecting the millions of oil and gas workers and producers in America. I was disappointed but not surprised this July when the Biden administration filed this proposed rule entitled fluid mineral leases and the leasing process, which mandates provisions from the partisan so-called Inflation Reduction Act, better known as the Green New Deal in disguise, which increased the royalty rate for production on Federal lands while also increasing and creating new fees for domestic energy producers. This new fluid mineral leasing rule is further proof that Joe Biden is using every tool in his administration to dismantle American energy production. It increases bonding levels for the production on Federal lands and proposes ending nationwide bonding and increasing the minimum bond amounts for individual lease bonds and statewide lease bonds from $10,000 to $150,000 and from $25,000 to $500,000 respectively. This significant increase will tie up capital that would otherwise be put back into production and is unjustifiable as there are only 37 orphaned oil and gas wells on BLM-managed land. These increases will impact smaller producers who can't afford to operate in the market.…”