Political Quotes

“I recently read an article published by a woman who is very credible on the issue of energy, which I would like to share after the statements recently made by the Republican leader. The question is whether or not our production of crude oil during President Biden's Presidency was higher or lower than the Trump administration. I quote Heather Cox Richardson: To encourage production, Biden's officials have issued more permits on federal lands than were issued in the Trump administration's first three years, at a pace that approaches [that of] George W. Bush's administration. Only 10% of all U.S. drilling takes place on federal land, but the Bureau of Land Management confirms that more than 9,000 drilling permits on public land are currently approved. Not all would be productive if they were developed, and none of them could start producing immediately, but this undercuts the argument that gas prices are high because the Biden administration has choked off permits. She goes on to say: What appears to be driving U.S. gas prices is the pressure investors are putting on oil companies, whose officers answer to their investors. Limited production creates higher prices that are driving record profits. In a March 2022 survey of 141 U.S. oil producers asking them why they were holding back production, 59 percent said they were under investor pressure. Only 6 percent blamed ``government regulations'' for their lack of increased production.…”