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Joe Biden

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Permitting for offshore oil and gas fallen to astronomical lows in Biden admin

Offshore oil and gas permitting under President Biden has fallen to a low the energy industry has not experienced since the Bush administration two decades ago. Since January 2021, when Biden took office, the federal government has approved applications for permit to drill on just 157 new wells, according to the data compiled by Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE). The figure represents a 29% decline compared to the same period under the Trump administration and a 55% decline compared to the same period under the Obama administration. "Policymakers should leverage the Gulf of Mexico to help meet growing global oil demand," Erik Milito, the president of the National Ocean Industries Association, told Fox News Digital. "The Gulf of Mexico is a prime example of doing more with less." "We were producing more than 2 million barrels of oil per day in the Gulf of Mexico prior to the pandemic, despite the number of active lease blocks being much lower than they were 5, 10, or 15 years ago," he continued. "We produce a massive amount of energy with a small footprint. However, bottlenecking the permitting process is a surefire way to discourage the success of the region despite growing global demand."https://www.foxnews.com/politics/offshore-oil-gas-permitting-plummets-two-decade-low-under-biden

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  • Ann Nyambura

    33 w

    great news

    1
    • walter lungayi

      34 w

      The significant drop in offshore oil and gas permitting under the Biden administration is a positive step towards reducing our reliance on fossil fuels and transitioning towards cleaner energy sources.

      6
      • Elizabeth Gathigia

        34 w

        Really good news

        • Sarah Chabane

          34 w

          That's great news let's hope the trend goes on

          10
          • walter lungayi

            34 w

            @sarah_chabane I strongly agree with you

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