Biden administration cancels oil and gas lease sales in Alaska, Gulf of Mexico The In

[floridafan]

certainly?.....what is your opinion.....

Like most everything else, you have no idea what you are talking about. That was an easy question.

[Truth Detector]

Biden administration cancels oil and gas lease sales in Alaska, Gulf of Mexico
The Interior Department will not move forward with planned oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet, it announced Wednesday night.


https://sports.yahoo.com/energy-envi...224145916.html

Meanwhile, Pinnochio Joe claims it isn't his policies, but it's PUTIN!!! What a brain dead clown we have MIS-leading this country.

[Truth Detector]

Does that have any effect on todays oil prices? There must be a logical reason, but we cant know since your link doesn't work

ig·no·ra·mus
/ˌiɡnəˈrāməs/
noun
• 1.an ignorant or stupid person:

[Truth Detector]

A spokesperson for the department confirmed the Cook Inlet lease sale would not proceed due to insufficient industry interest. Meanwhile, the planned sale of two leases, lease 259 and lease 261, in the Gulf of Mexico will not proceed due to contradictory court rulings on the leases, the spokesperson confirmed

ig·no·ra·mus
/ˌiɡnəˈrāməs/
noun
• 1.an ignorant or stupid person:

[Truth Detector]

With the coming popularity of electric vehicles, our need for these fuels will decrease

ig·no·ra·mus
/ˌiɡnəˈrāməs/
noun
• 1.an ignorant or stupid person:

[Truth Detector]

It often pays to read more than the title of your links.
Who was POTUS in '07/'08?

ig·no·ra·mus
/ˌiɡnəˈrāməs/
noun
• 1.an ignorant or stupid person:

[Truth Detector]

Tell that to Tesla, sweetheart!!!!!!!

ig·no·ra·mus
/ˌiɡnəˈrāməs/
noun
• 1.an ignorant or stupid person:

[Truth Detector]

Like most everything else, you have no idea what you are talking about. That was an easy question.

ig·no·ra·mus
/ˌiɡnəˈrāməs/
noun
• 1.an ignorant or stupid person:

Projection
Projection is the process of displacing one’s feelings onto a different person, animal, or object. The term is most commonly used to describe defensive projection—attributing one’s own unacceptable urges to another. For example, if someone continuously bullies and ridicules a peer about his insecurities, the bully might be projecting his own struggle with self-esteem onto the other person.

[archives]

Biden administration cancels oil and gas lease sales in Alaska, Gulf of Mexico
The Interior Department will not move forward with planned oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet, it announced Wednesday night.


https://sports.yahoo.com/energy-envi...224145916.html

You are aware that the U.S. is the seventh leading exporter of oil in the world? Even if they opened up drilling in your backyard it doesn’t mean that that oil is going to stay in the U.S.

[Truth Detector]

You are aware that the U.S. is the seventh leading exporter of oil in the world? Even if they opened up drilling in your backyard it doesn’t mean that that oil is going to stay in the U.S.

liar
noun
li·ar | \ ˈlī(-ə)r \
: a person who tells lies
has a reputation as a liar

ig·no·ra·mus
/ˌiɡnəˈrāməs/
noun
• 1.an ignorant or stupid person:

The United States remained a net crude oil importer in 2021, importing about 6.11 million b/d of crude oil and exporting about 2.90 million b/d. However, some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products—such as gasoline, heating oil, diesel fuel, and jet fuel—that the U.S. exports. Also, some of imported petroleum may be stored and subsequently exported.

[T. A. Gardner]

Does that have any effect on todays oil prices? There must be a logical reason, but we cant know since your link doesn't work

To a limited extent, yes it does. Expectations of increased oil production in the future can drive down speculation prices in the futures market today just as expectations of less drilling and oil in the future can drive them up.

[Grokmaster]

Biden administration cancels oil and gas lease sales in Alaska, Gulf of Mexico
The Interior Department will not move forward with planned oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet, it announced Wednesday night.


https://sports.yahoo.com/energy-envi...224145916.html

Determined to crush our energy sector ,while the nation STARVES FOR ENERGY....

[floridafan]

To a limited extent, yes it does. Expectations of increased oil production in the future can drive down speculation prices in the futures market today just as expectations of less drilling and oil in the future can drive them up.

gobbledegook. We are speaking of a good number of years from now, not one or two. You know NOTHING of the futures market, just more hot air.

[T. A. Gardner]

gobbledegook. We are speaking of a good number of years from now, not one or two. You know NOTHING of the futures market, just more hot air.

No, that's how it works. I get offers on my percentage in royalities from wells in Texas (had a uncle who owned a large ranch outside Gonzales TX) and get offers based on future expected production from companies like this one all the time:

https://sansabaroyalty.com/

Their engineers will produce an expected output from a well for the next 10 to 20 years and base their offer on that.

[PostmodernProphet]

Like most everything else, you have no idea what you are talking about. That was an easy question.

Perhaps, was an easy question?......still seems rather obscure from here?........let's try again.....do you think the fact the government isn't issuing permits to drill on leases has a negative impact on the lease market?......