News | Story

Psaki’s ‘Red Herring’ Statement On Oil And Gas Leases Is Met With A Rebuff From The Energy Sector

Energy industry swipes back at Psaki 'red herring' comment on oil and gas leases

Image Source: FBN

TEXAS CITY – A statement made by White House Press Secretary Jen Psaki on Monday about unused oil and gas leasing leases drew criticism from advocates of the energy sector, who accused the Biden administration spokesman of deceiving Americans with a “red herring.”

Fox News questioned Psaki on Monday about why President Biden has decided not to renew new oil and gas leases on public lands. According to her, the United States is already producing oil “at historical levels,” and “there are 9,000 authorized drilling licenses that are now not being utilized.”

Therefore, she said that we are not permitting corporations to drill false. “I would urge that you inquire of the oil corporations as to why they are not employing individuals if there is a desire to expand drilling.”
However, industry professionals speaking at the CERAWeek energy conference, which S&P Global sponsored on Monday, said that the answer is not as straightforward as Psaki implied.

“That charge is a pure red herring,” said Anne Bradbury, CEO of the American Exploration and Production Council (AXPC). According to the group, “it’s essentially a diversion from the fact that this administration has delayed leasing on federal lands, which is something that we’re worried about and something that we believe should be continued immediately.”

Bradbury also said that the Biden administration is “mandated by law” to sell oil and gas leases on public lands Bradbury.

“The truth is that industry is producing at a greater level on current leases on federal lands than it has in the previous 20 years, and it takes several years to explore, develop, and produce on these leases,” Bradbury said.

When challenged about Psaki’s statements, American Petroleum Institute (API) President and CEO Mike Sommers told FOX Business that they “reflect a basic ignorance of how this process works.” “Once you have decided to lease property, you will have to go through a lengthy and complicated procedure. First and foremost, you must determine whether or not there is oil and gas under the property’s surface. Second, you must get a development permit to develop the site.”

Related News

Comment

Your email address will not be published.

Share The News

Follow Us

Newsletter