LGB Admin Cancels Massive Oil Lease Sale

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Would the sale help gas prices right now? It might, since it would show positive movement in the commodities market. Or, it might not make any difference for a while. Regardless, this shows that the Let’s Go Brandon admin couldn’t care less about the pain at the pump American citizens are experiencing. What’s the highest price you’ve seen? There’s a station out in Knightdale right near I540 and Knightdale Blvd that was at $4.25 yesterday. It was also the first one I saw that hit $4.19 during the last surge. That was as high as it got. Things are getting worse.

Biden admin cancels massive oil and gas lease sale amid record-high gas prices

The Biden administration canceled one of the most high-profile oil and gas lease sales pending before the Department of the Interior Wednesday, as Americans face record-high prices at the pump, according to AAA.

The DOI halted the potential to drill for oil in over 1 million acres in Alaska’s Cook Inlet, along with two lease sales in the Gulf of Mexico. The move comes as Biden has taken a few actions to combat high gas prices, despite his administration’s generally hostile approach to the oil industry.

A DOI spokesperson cited a “lack of industry interest in leasing in the area” for the decision “not to move forward” with the Cook Inlet lease sale, CBS News reported. The spokesperson also said the department canceled the Gulf of Mexico leases – lease 259 and lease 261 – due to “conflicting court rulings that impacted work on these proposed lease sales.”

Federal law requires DOI to stick to a five-year leasing plan for auctioning offshore leases. The department had until the end fo the current five-year plan – due to expire on June 30 – to complete the sales. (snip)

Average gas prices in the U.S. have reached new record-highs in recent days, according to AAA’s gas price calculator. The national average cost of a regular gas of gasoline hit $4.374 on Tuesday, a new record, and $4.404 on Wednesday, another record.

Some of the places are not the best for exploration, very remote and hard to get too, but, having the lease auction would signal to the market that new wells will be drilled, which is what those playing the market want to see. Biden doesn’t care. He’s not paying for his travel out of his own pocket. He’s fine with all the gas used to take a helicopter to Andrews AFB, jump on Air Force 1, fly somewhere (with the backup jumbo jet and some fighter jets for protection), then jump in a limo with 17 or so chase vehicles. So he can

More on that here. There’s just pain all around

(Breitbart) President Joe Biden is failing to address the acute shortage of baby formula across the country, which is resulting in panic for mothers, for whom formula is a necessary supplement or substitute for breast milk.

The New York Times reported Tuesday: “A Baby Formula Shortage Leaves Desperate Parents Searching for Food.” A headline once impossible in America.

On Wednesday, incoming press secretary Karine Jean-Pierre was asked who at the White House was “running point” on the baby shortage. She had no idea.

All you Biden voters, you happy now? Don’t complain. This is your fault. And you can bet the ranch that Brandon will head to Camp David or his house in Delaware Friday.

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One thought on “LGB Admin Cancels Massive Oil Lease Sale”

  1. The esteemed Mr Teach asked:

    What’s the highest price you’ve seen? There’s a station out in Knightdale right near I540 and Knightdale Blvd that was at $4.25 yesterday. It was also the first one I saw that hit $4.19 during the last surge. That was as high as it got. Things are getting worse

    At the closest station to me, regular gasoline was posted at $4.279 per gallon.

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