Quote:
Originally Posted by bash
Oil companies in the US already under utilize their existing leases for drilling on federal land. More leases aren't going to reduce the price at the pump for gasoline. Opening federal land to drilling (or any land) requires the attendant infrastructure to store and move that oil. So even if oil companies got a bunch of new federal drilling leases tomorrow they wouldn't get significant amounts of oil into the market for years.
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Except that Biden did ban drilling in the Allegheny National Forest by banning Fracking and doubling lease fees after he promised the unions he wouldn't. Without Fracking, shale oils cannot be exploited. This cut production in the Forest down to 10k barrels a day from 30K + and idled 1200 wells overnight. As a result, 58K PA workers lost their good-paying jobs when this happened and DON'T TELL ME I DON'T KNOW WHAT I AM TALKING ABOUT because yours truly was one of them. I used to haul well casings to the rigs in the Forest and now get to haul steel for peanuts compared to oilfield pay. Now, PA power companies are forced to IMPORT natural gas to make electricity because the Forest is no longer supplying it.