The latest Biden proposal from the Department of Interior (DOI) to raise the price of oil and gas leases is nothing short of an attempt to FORCE people into their green energy plan. If we the people do not stop them, things could get extremely difficult in the near future.
The minimum required lease bond that developers must pay would jump from $10,000 to $150,000, and the required statewide bond would spike from $25,000 to $500,000, according to the rule proposal. The rule would also raise the minimum royalty fees that developers have to pay from 12.5% to 16.67%.
Additionally, the rule will boost the minimum per-acre leasing bid thresholds from $2 to $10 if finalized, with the minimum rising to match future inflation after 10 years. The rule proposal also seeks to impose yearly per-acre rental fees of $3 for two years, then $5 for the next 6 years and then $15 for every subsequent year after that.
To top it off, the rule will also charge prospective buyers or sellers a $5 per-acre fee for expressions of interest if finalized. “This proposal to update BLM’s oil and gas program aims to ensure fairness to the taxpayer,” BLM Director Tracy Stone-Manning said, according to the Thursday DOI press release. Daily Caller
There is nothing “fair” about their ridiculous proposal. It guarantees more unemployment, and more pain at the gas pumps. Biden promised to “end fossil fuels” and he and his leftist cronies are doing it, one rule at a time. These massive rules and fee changes are likely to destroy the fossil fuel industry. And that’s the plan- making the Dems rich along the way.
This is more than meets the eye – it’s all about money. The Biden Crime family and their cronies are stealing money out of our taxpayer pockets with all these fees.
There might be more “green” involved in the green agenda than just climate change https://t.co/GZiA0eWLwY
— Daily Caller (@DailyCaller) March 12, 2023
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The energy industry is exceedingly unhappy with this proposal.
“Responsible development of federal lands is critical for meeting the growing demand for affordable, reliable energy while reducing emissions. Amidst a global energy crisis, this action from the Department of the Interior is yet another attempt to add even more barriers to future energy production, increases uncertainty for producers and may further discourage oil and natural gas investment. This is a concerning approach from an administration that has repeatedly acted to restrict essential energy development.” The American Petroleum Institute
Unfortunately, this administration does not respond to the people. They lie, cheat, steal, call us all names, and refuse to look logically at anything. They have an agenda and that’s it. The rest of us don’t count. When will enough be enough?
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Related:
- Electricity Prices Are Soaring In Leading Wind-Energy States
- High Gas Prices Are A Feature Of Biden’s Energy Policy
- Biden Regime CANCELS Two Key Gas Exploration Leases In Deliberate Destruction Of America’s Energy Infrastructure
- U.S. Energy Department Sued Over Biden’s ‘Political’ Oil-Reserve Releases
- Biden Administration Backtracked on Oil and Gas Leases…but There’s a Catch
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