During a press conference on Thursday, Sen. Ted Cruz (R-TX) slammed the Biden administration for misleading Americans by arguing that oil companies are at fault for rising energy prices due to unused oil and gas leases.
“Their latest talking point is there’s all these wonderful permits that just the oil companies for whatever reason don’t want to drill upon,” Cruz said. “Now, I understand that the White House’s talking points are written by an 18-year-old intern who’s taking freshman socialism, but it would be good to have someone who has actually worked in the private sector and has some awareness of how energy is produced.”
“Energy producers will drill for oil and gas wherever it is profitable, wherever it is viable,” he continued. “Many of those permits are not being drilled because if you got a natural gas well that you’re trying to drill, you have to have a pipeline to carry the gas from the well to its end users and the Biden Administration is also freezing pipelines.”
On Monday, Fox News asked White House Press Secretary Jen Psaki why President Biden has refused to resume issuing new oil and gas leases on federal lands. Psaki responded by saying “there are 9,000 approved drilling permits that are not being used.”
However, representatives in the energy industry said that Psaki’s “accusation” was a “complete red herring.”
“That accusation is a complete red herring,” American Exploration & Production Council (AXPC) CEO Anne Bradbury told FOX Business. “It’s really a distraction from the fact that this administration has paused leasing on federal lands, something that we’re concerned about and something that we think needs to continue right away.”
Kevin O’Scannlain at the American Petroleum Institute (API) made similar comments.
“The argument about ‘unused’ leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world’s leading producer of natural gas and oil,” O’Scannlain said. “It suggests American producers have been motivated by a desire to manipulate the market during the current crisis in Europe. This is false. American oil and gas producers are able and willing to do their part to support American energy leadership, including providing energy that can help allies abroad.”
“Ultimately, energy policies affect the energy investment climate,” O’Scannlain continued. “Specifically, they impact the ability of producers – typically accountable to shareholders – to take the risks involved in spending billions of dollars to find and develop oil and gas. Mischaracterizing the way federal leases work does not help foster new investment and risk-taking.”
O’Scannlain also explained that “When a company acquires a lease, it makes a significant financial investment at the beginning of the lease in the form of a non-refundable bonus bid and pays additional rent until and unless it begins producing… Developing a lease takes years and substantial effort to determine whether the underlying geology holds commercial quantities of oil and/or gas. The lengthy process to develop them from a lease often is extended by administrative and legal challenges at every step along the way.”
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BLM co-founder used funds to pay sister, mother, brother and child’s father
Released tax filings show just how Black Lives Matter co-founder Patrisse Cullors spent the millions of dollars raised from “White guilt.” She paid roughly $970,000 to the company of her child’s father to help “produce live events” and other “creative services.”
Over $840,000 was paid to her brother, Paul Cullors, for security services. Daily Mail wrote that “leaders have attempted to justify” the expenses to her brother by saying the “foundation’s protection could not be entrusted to former police professionals who typically run security firms because the BLM movement is known for vehemently protesting law enforcement organizations.”
It was recently disclosed that she bought a $6 million mansion in L.A. for the organization, and denied she took money from BLM for personal matters, although shortly after it was unearthed that she had used the mansion for her own parties.
Cullors also reportedly “reimbursed BLM $73,523 for a charter flight for foundation-related travel, which the organization says she took in 2021 out of concern for COVID-19 and security threats.”
Cullors resigned last year from the organization due to criticism of her finances, such as purchasing multiple homes for herself that cost millions of dollars combined. She also admitted the charity was paying for “employment” of her sister, mother, and brother.
Black Lives Matter Global Network Foundation Inc revealed from July 1, 2020 to June 30, 2021, it ended the fiscal year with nearly $42 million in net assets. “The foundation invested $32 million in stocks from the $90 million it received as donations amid racial justice protests in 2020” adds Daily Mail.
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