White House Makes a LAUGHABLE Correction – Ready To Find Out What It Is?

The Biden administration has been caught exaggerating the number of unused oil and gas drilling permits that it has approved, which suggests that it has overstated the extent to which oil and gas companies have neglected producing on approved permits.

The Bureau of Land Management (BLM) revised the number of approved applications for permits to drill (APD) down from an estimated 9,000 to less than 6,700, after a technical change made during the Trump administration was not accounted for.

Takeaways:

  • The Biden administration has been criticized for overstating the extent to which oil and gas companies have neglected producing on approved permits.
  • The White House repeatedly touted the 9,000-permit figure and argued industry had the ability to immediately begin producing.
  • The American Petroleum Institute’s senior vice president of policy, economics and regulatory affairs called for a comprehensive strategy for American energy development.
  • The Biden administration has also dragged its feet on oil and gas lease sales.
  • The record profits oil companies made in 2022 and the thousands of approved but unused drilling permits they are sitting on shows that there is nothing getting in the way of increasing oil production except