Tuesday, March 08, 2022 10:07:02 AM
Disingenuous for the mouthpiece of the administration to stand there and say "ask the oil execs why they aren't using the 9000 leases." The roadblock they put up and moratorium on new federal permits is reason one. Reason two is what you stated, you have to spend time and money to see if there is even oil or gas on the lands you have permits for. Reason three. The Admin put up additional roadblocks by tasking the EPA to slow down environmental reviews of proposed leases and also in approving rights-of-way to those lands. It is a risk-reward scenario, like all business. No One is going to spend the time and money if they know the odds are stacked against them from the start. Don't worry though, Iran, Saudis, and Venezuela will come through for us. NWBO could be the shining star in a cloudy sky if they were to announce a cure for brain cancer today!!!
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