I am very thankful for the overall strength of the oil and gas industry. It is undeniable that they have managed to withstand the assault from the Joe administration. This is what companies with competent leadership can achieve and accomplish. And at the very least, I expect they will continue to hold firm.
No matter how hard Joe tries to sweep the oil and gas industry under the rug, sanity and reality will not allow it. To say nothing of the requirement presented by the demand for petroleum products.
FYI, his 2024 federal budget allocation to the BOEM for ‘Oil and Gas Development’ finally had a substantial increase of around 20% since 2021. I was not surprised to see Oil and Gas Development once again receiving more dollars than Renewables. Why? Because that is what reasonable and prudent citizens expect and demand. As bad as things might seem right now, try to envision what would be going on in your world if petroleum was suddenly unavailable. And Joe and his boys know it, in spite of the rhetoric they use.
I am hopeful bipartisan victories will continue to be achieved in both Houses of Congress. And remember, one way to apply pressure is through the ‘purse strings’. Spending, or more accurately reduced budgets, will be how to tame certain partisan activities that are in the way of the country moving forward.
The BOEM may hold as many as (3) GOM oil and gas lease sales in 2023. The (2) Biden stalled 2022 GOM lease sales, 259 and 261 from the 2017-2022 National Oil and Gas Leasing Program are now scheduled for the end of March and September of this year. Then there is the (1) scheduled 2023 GOM OCS lease sale, 262 from the 2023-2028 “Proposed” National Oil and Gas Lease Sale Program.
Ecstasy is the emotion I will exhibit if Gulfslope can participate in at least ‘one’ lease sale this year.
Mrs. Smith
