the staff of the Ridgewood blog
Ridgewood NJ, with record-high gas prices and the market’s need for more supply, Tall City CEO Michael Oestmann says the company is working to increase daily production from 10,000 barrels to 20,000 by the end of the year. “It’s right here and it’s good for America,” Oestmann told FOX Business’ Lauren Simonetti. “It creates American jobs.” While Tall City’s private land can receive drilling permits in as quickly as 10 days, some of their Permian Basin neighbors on federal land are waiting anywhere from 9 to 12 months.
Americans for Prosperity (AFP) has published a handy list of 25 ways Biden Administration has attacked the oil and gas industry – you know, the industry he now claims he is doing everything he can to support. The AFP list includes anti-energy policies ranging from “new EPA rules on drilling,” “forcing states to restrict driving,” “killing LNG terminals, “instituting carbon taxes,” and “reentering the Paris Climate Accord.”
But even this list doesn’t include the most dangerous impediment to oil and gas drilling – which is a campaign by the Biden administration to deny drillers the capital they need to operate.
If you think we are exaggerating, consider that Brian Deese, Biden’s chair of the National Economic Council, previously worked as Larry Fink’s “Global Head of Sustainable Investing” at Blackrock. In that job he helped steer capital away from oil and gas operations as part of an aggressive anti-fossil fuels campaign. That’s what he and others at the White House are doing now.
Ironically, BlackRock is now furiously backpedaling from its aggressive anti-energy stance. The firm told Texas energy regulators that they now support oil and gas. So Biden is now to the left of BlackRock!