03 December, 2021

And Yet, They Can’t Figure Out Why Energy Prices Are So High

Biden Admin Recommends Tighter Constraints On New Oil And Gas Drilling Amid Energy Crisis | The Daily Wire

The report recommends that the federal government increase royalty rates for oil and gas drilling above the current rate of 12.5%, which is significantly less than many states and private landowners charge drilling companies to lease on their land. If implemented, the rate hike would be the first in 100 years, according to The Associated Press. The report also recommends an increase in the bond payments that oil and gas producers pay in advance for future cleanup operations from drilling new oil wells. Those rates have also not been raised in decades, according to the AP.


Maybe we can close some pipelines again, too.

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