Wednesday, August 17, 2022

Drill drill

In a not so well publicized part of the Inflation Reduction Act President Biden reinstated the largest oil and gas lease sale in U.S. history, essentially steamrolling the need for environmental review, by signing the Inflation Reduction Act into law on Tuesday. Not only will 80 million acres of the Gulf of Mexico previously held up will now be open to drilling as will drilling in Cook Inlet in Alaska. Inflation Reduction Act Advances Stalled Offshore Oil and Gas Lease Sales This will help increase the supply of natural gas and oil which will bring down prices and make natural gas available to help wean Europe away from Russian gas. If the infrastructure bill recently passed is going any where the government needs to steamroll away the need for environmental review as it just did with drilling.

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