Posts filed under Oil and Gas
TUCKER CARLSON: Fossil Fuels are Key to Civilization
LOGA Responds to Permanent Injunction Issued on Biden Ban on New Oil And Gas Leasing
BATON ROUGE, LA (August 30, 2022) - Yesterday, U.S. District Court Judge Terry Doughty sided with Louisiana Attorney General Jeff Landry and 12 other states in a Louisiana-led lawsuit, issuing a permanent injunction against the Biden administration’s moratorium on new oil and gas leases on federal lands and water.
In response, LOGA President Mike Moncla issued the following statement:
“This ruling is a huge win for domestic energy production in the Gulf of Mexico. The Biden administration, from the day he was sworn in, has declared war on the oil and gas industry.
Prices at the pump have skyrocketed. Our Strategic Petroleum Reserve has been depleted. We’ve slowly become less and less energy independent. Now, we can get back to being the energy powerhouse of the world.
I’m relieved to see that our system of checks and balances saw to it that Biden way overstepped his authority when banning these lease sales.
I’d like to thank Attorney General Jeff Landry for his diligent work in fighting for domestic production in the Gulf of Mexico.”
MAGEE: Louisiana Should be Inclusive to All Forms of Energy
API announces initiative to encourage veterans to enter natural gas and oil industry
The American Petroleum Institute (API) announced a new initiative, Energy for Veterans, designed to attract more veterans and transitioning service members into meaningful and well-paying careers in the natural gas and oil industry.
“Service members and veterans have numerous skill sets that make them ideal candidates for careers in the natural gas and oil industry,” Senior Vice President of API Global Industry Services Anchal Liddar said. “Our industry is one of the most veteran-friendly in the country and is committed to supporting the brave men and women who served in the military.”
Read more: API announces initiative to encourage veterans to enter natural gas and oil industry
Biden’s Civil War on Energy Is Leaving Endless Collateral Damage in Its Wake
President Joe Biden has declared he will “end fossil fuel.” Presidents have declared war on everything from poverty to drugs, but his declaration is much more sinister. His is really a civil war.
Read more: Biden’s Civil War on Energy Is Leaving Endless Collateral Damage in Its Wake
KENNEDY: My Car Doesn’t Run on Fairy Dust or Unicorn Urine
Louisiana could see $1.9B from Gulf oil, additional money from wind, under Senate bill
Louisiana could receive an additional $1.9 billion in revenue from Gulf of Mexico oil and gas and a separate share of revenue from Gulf wind energy operations under federal legislation expected to be considered Thursday.
The U.S. Senate’s Energy and Natural Resource Committee on Thursday will consider the the bipartisan Reinvesting In Shoreline Economies and Ecosystems Act, authored by Sens. Sheldon Whitehouse, D-Rhode Island, and Bill Cassidy, R-La.. That bill would lift a present $500 million annual cap on oil and gas revenue shared with Gulf states.
Read more: Louisiana could see $1.9B from Gulf oil, additional money from wind, under Senate bill
Steve Scalise and Troy Carter: Louisiana should get its fair share of revenues from offshore energy -- wind included
We may not agree on everything, but we are united in our belief that Louisianians deserve their fair share of funding for the use of our natural resources. That’s why we’ve joined together to introduce the bipartisan BREEZE Act. Our bill increases Louisiana’s share of offshore oil and gas revenues, and sets the stage for even more funding by allowing Louisiana and other coastal states to collect revenues from the leasing of future offshore wind development.
Senator Kennedy introduces strategic petroleum reserve bill to block foreign sales
The goal of the bill, which is known as the No Emergency Crude Oil to Foreign Adversaries Act, is to stop “selling off American oil to countries that hate us,” according to Kennedy.
Read more: Senator Kennedy introduces strategic petroleum reserve bill to block foreign sales
Biden's Saudi trip won't help gas prices
President Joe Biden is set to visit Saudi Arabia later this week, on a trip he says is intended to shore up global supply chains and encourage diplomacy and cooperation.
But the question many are asking is: What could it mean for gas prices?
That’s because Saudi Arabia has the second-largest oil reserves in the world — and the U.S. has made it clear it wants all the Persian Gulf's oil states to boost their output. The conventional wisdom is that more oil produced means cheaper gas at the pump.
The reality is more complicated.
Read more: Biden's Saudi trip won't help gas prices
Kennedy: Biden's energy policy making American Dream more expensive
SCALISE: Joe Biden Should Not Be Sending Oil to China
“The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would ‘support American consumers’ and combat ‘Putin’s price hike,'” the Beacon’s Collin Anderson reported. “Biden’s Energy Department in April announced the sale of 950,000 Strategic Petroleum Reserve barrels to Unipec, the trading arm of the China Petrochemical Corporation. That company, which is commonly known as Sinopec, is wholly owned by the Chinese government.”
Sinopec is also tied to Hunter Biden, whose private equity firm, BHR Partners, bought a $1.7 billion stake in the company seven years ago.
Read more: Biden Sold Oil From Emergency Reserves To Chinese Gas Giant Tied To His Scandal-Plagued Son
LOGA Responds to SCOTUS Ruling on EPA's climate powers
BATON ROUGE, LA (June 30, 2022) - Today, The United States Supreme Court ruled that the Clean Power Plan implemented under President Obama that sought to administratively determine power sector emission levels exceeded executive authority under the Clean Air Act.
In response, LOGA President Mike Moncla issued the following statement:
“Today’s decision by the Supreme Court is a step in the right direction for our great nation. This decision takes governmental overreach from appointed bureaucrats and puts it back into the hands of legislators.
The EPA’s actions and regulations have been in lockstep with the left wing’s green agenda. These types of actions cost Americans at the pump, as they continue to tighten the noose on producers and refiners, making it harder to drill for oil and gas, and more expensive to refine it. We applaud this Supreme Court decision and look forward to more balanced decisions toward our industry in the future.”
Energy Trades Open Letter to President Biden
Biden looks everywhere to lower gas prices — except boosting oil production
"The administration pretends as though no one's paying attention to the fact that they've shut down pipelines, that they've stopped leasing, that they've made it harder to produce wherever they could," Dan Kish, a senior fellow at the Institute for Energy Research, told Fox News in an interview.
"Somehow, he pretends to be surprised that price of gasoline is going up and people are hurting at the pump," he added.
Biden political gamble on Saudi trip unlikely to drive down gas prices
President Biden is using key political capital on a risky gamble – that meeting with condemned Saudi Crown Prince Mohammed bin Salman will convince the Kingdom to stabilize global oil markets and ease prices for Americans at the gas pump.
But experts say it’s not guaranteed that the trip will produce lower gasoline prices and the political cost may be far greater for the president.
Read more: Biden political gamble on Saudi trip unlikely to drive down gas prices
LOGA Responds to Biden Administration's Refusal to Include Lease Sales in Five-Year Plan
BATON ROUGE, LA (May 23, 2022) - The Biden Administration has announced that they will propose a new five-year offshore drilling plan before the expiration of the current plan on June 30th. However, Interior Secretary Deb Haaland was specific to indicate that the plan will not include new lease sales.
In response, Louisiana Oil & Gas Association President Mike Moncla issued the following statement:
“Seeing as how this is the first time that the Biden Administration has even hinted that they would consider a new five-year plan, this should be considered positive news. However, Secretary Haaland refused to commit to include new lease sales in this plan that they intend to release by the end of June.
What good is a new five-year plan if there will be no new lease sales?
The whole purpose of the five-year plan is to plan out new drilling in the Gulf of Mexico over the coming five years.
This is nothing more than showboating by the Biden Administration, and it is borderline insulting for Haaland to insinuate that they’ll present a plan that doesn’t include new lease sales.
So no, I don’t see this as a 'step in the right direction.' If anything, it’s a step backwards. This administration continues to slap the oil and gas industry directly in the face with their attitude towards new drilling.
We need a five-year plan that includes the sale of new leases. Until we have that, LOGA will continue to fight for our members to be able to purchase new leases in the Gulf of Mexico.”
LOGA Responds to Biden Administration's Cancellation of GOM Lease Sales
BATON ROUGE, LA (May 12, 2022) - The Biden Administration has announced the cancellation of the last remaining lease sales in the Gulf of Mexico from the most recent Five-Year offshore drilling plan.
In response, Louisiana Oil & Gas Association President Mike Moncla released the following statement:
“The cancelling of the last remaining lease sales from the most recent renewal of the Five-Year Plan is not really news, since the Biden Administration has already said that we will not move forward with any new lease sales, but I’m glad this has made the news cycle. The cancelling of the sale of leases 259 and 261 in the Gulf of Mexico puts a beautiful exclamation point on the absolute devastation that this administration has caused to our industry, and to our nation.
We are suffering from a war overseas. Prices at the pump are at an all-time high. The only way to bring those prices down is to increase domestic energy production. It is nothing short of hypocritical that the Biden administration bans Russian energy imports, while at the same time doing everything it can to stop any and all future production in the Gulf of Mexico.
We desperately need a renewal of the Five-Year offshore leasing plan. Sadly, as long as Joe Biden is in office, his pattern of behavior indicates devastating effects on Gulf of Mexico production for years to come."
How Biden’s New Energy Restrictions Defeat His Goals For Helping Ukraine
The Biden administration has reinstated restrictive policies under the guise of environmental protections that impact the construction of major infrastructure projects in the United States, including pipelines and highways. The timing could not be worse.
Federal government regulatory intervention is on the rise. The new rule will require federal agencies to examine the climate impact of infrastructure projects under the National Environmental Policy Act (NEPA), a 1970 law that requires the government to assess the environmental outcomes.
Read more: How Biden’s New Energy Restrictions Defeat His Goals For Helping Ukraine
