Daily on Energy: What Interior tried to do with its pre-Independence Day news dump

IN CASE YOU WERE TOO BUSY ENJOYING THE FOURTH OF JULY… The Interior Department waited until close of business on Friday before the holiday weekend to drop its 500+-page proposed program for offshore oil and gas leasing, a classic news dump for a document that mostly delayed major decisions about the fate of drilling in federal waters and prolonged the dissatisfaction among many parties…

The yays and nays: The proposed program was met with intense backlash from green groups, who want to see an end to both the onshore and offshore leasing programs in order to abate climate change and brought up President Joe Biden’s campaign trail promise to restrict oil and gas leasing on federal lands.

Oil and gas interests, and notably Democratic Sen. Joe Manchin, welcomed the proposed program but reacted warily to Interior’s emphasis on the discretion it holds to ultimately hold fewer sales than the 11 contemplated — or none at all. “A Proposed Program is not a decision to issue specific leases or to authorize any drilling or development,” Secretary Deb Haaland said in a statement.

The timing: Republicans in Congress, and industry too, had lobbied the Biden administration to act more swiftly in putting together the proposed program, which is well behind schedule compared to the predecessor program finalized during the Obama administration. The move comes with the national average gas price at $4.80 a gallon, down from a record $5.02 a gallon last month, according to AAA.

"Currently, our US economists do not expect the US to dip into a recession, but are also skeptical about the Fed's ability to engineer a modest slowdown, as the historical experience has been of hard rather than soft landings," the group wrote. Read more from Breanne here. Yesterday, two protesters affiliated with the group also glued themselves to the frame of The Hay Wain, a 200-year-old masterpiece by John Constable, at London's National Gallery.

Source: Energy Industry News (energyindustrynews.net)

If oil is under $100 why is gas five bucks?

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

We Can Have (Just About) Everything We Want For Energy & The ClimateThe only things we have to give up are killing people and wrecking the environment. Okay, let’s start with a list of the things we would really like to have for energy and the climate
Source: cleantechnica - 🏆 565. / 51 Read more »

A solar cycle breakthrough can help protect spacecraft from huge energy burstsThe Sun is now in an active phase of its 11-year solar cycle and predicting the strength of the cycle can help prepare against adverse space events.
Source: IntEngineering - 🏆 287. / 63 Read more »

The Large Hadron Collider Is About to Ramp Up to Unprecedented Energy LevelsTen years after it discovered the Higgs boson, the Large Hadron Collider is about to start smashing protons together at unprecedented energy levels in its quest to reveal more secrets about how the universe works.
Source: ScienceAlert - 🏆 63. / 68 Read more »

Rush toward green energy has left US 'incredibly' vulnerable to summer blackouts, expert warnsMuch of the U.S. could be due for blackouts this summer as policymakers rush power plants offline in a bid to switch to renewable energy sources such as wind and solar. the operation could be a success if the surgery does kill them No need to destroy the country to start using green energy. It reminds how we got locked down and were forced to use Amazon to buy everything we needed.
Source: FoxBusiness - 🏆 458. / 53 Read more »

US energy producers roast Biden for demanding 'companies running gas stations' lower pump pricesThe U.S. Oil & Gas Association hit back at President Biden on Sunday, saying that the person who a Saturday tweet should take 'Econ 101 for the fall semester.' Just solve it. As they should, he is clueless. Th Sadly, the intern is smarter than Biden.
Source: FoxBusiness - 🏆 458. / 53 Read more »

U.S. energy companies troll Biden over tweet telling them to cut prices at the gas pumpOn Sunday, Biden tweeted that “companies running gas stations” should take note that “this is a time of war and global peril.” poking at the bear (Federal executive branch) is pretty stupid shell Mobil1 bp energy Interior One of the main reason I started trading was because the life I was living didn't match the lifestyle I envisioned for myself If you don't give up on trading you're guaranteed to become a successful trader. Contact Bamber__Michael to start earning & also be successful in trading
Source: MarketWatch - 🏆 3. / 97 Read more »