Notwithstanding some recent declines, domestic crude oil prices in the U.S. are about 45% higher than when President Biden was inaugurated. Global crude oil prices are about 48% higher. U.S. gasoline prices are about a dollar higher per gallon. Indeed, between the inauguration and June 2022,…
Notwithstanding some recent declines, domestic crude oil prices in the U.S. are about 45% higher than when President Biden was inaugurated. Global crude oil prices are about 48% higher. U.S. gasoline prices are about a dollar higher per gallon. Indeed, between the inauguration and June 2022, gasoline prices more than doubled. These prices began to increase almost monotonically long before the Russian invasion of Ukraine on Feb. 24, 2022.
The most recent manifestation of that hostility is the new five-year plan for leasing in federal waters on the Outer Continental Shelf, for the 2023-2028 period. Consider this explicit parameter in the plan : The explicit possibility of zero leasing is deeply problematic in terms of advance planning for the fossil producers. They cannot bid on proposed lease sites without advance analysis, which is very far from cheap, and the possibility of zero lease sales makes any such expenditures highly risky.
Fossil fuels are one important form of national wealth; artificial constraints on producing it make that wealth smaller, an outcome that imposes real costs upon actual people. Competitive market forces drive the allocation of that wealth among landowners, producers, workers, and myriad other individuals and groups contributing to the production of fossil fuels from the federal OCS.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Deputy gangs a 'cancer' within the Los Angeles County Sheriff's Department, scathing report saysThe Los Angeles County Sheriff's Department is under fire once gain, this time in a report by a special counsel tasked with investigating secretive groups, or deputy gangs, that have operated within the agency for decades.
Leer más »
Leader of new D.C. Department of Buildings says he plans to step downErnest Chrappah’s announcement means that D.C. Mayor Muriel E. Bowser (D) will need to find and nominate a new director to lead the nascent agency.
Leer más »
Rescued to rescuer: Windsor Fire Department mourns loss of Search and Rescue K-9 BuddyK-9 Buddy served the community and saved lives for the past decade after being rescued himself from the Animal Protective League when he was two years old.
Leer más »
Memphis Police Department officers were 'impeding care' of Tyre Nichols, EMT says | CNNMemphis Fire EMT Robert Long testified in front of the Tennessee Emergency Medical Services Board on Friday that Memphis Police officers were 'impeding patient care' after he and Advanced Emergency Medical Technician JaMichael Sandridge arrived to find Tyre Nichols sitting on the ground, propped up against a police car on January 7.
Leer más »
Help Prevent Car Theft: Let the Denver Police Department Track Your Stolen Vehicle's LocationWith the DenverTrack program, people can sign up with the Denver Police Department to give police location tracking data if their car gets stolen.
Leer más »