President BidenJoe BidenPentagon takes heat for extending Guard’s time at Capitol Booker to try to make child tax credit expansion permanent Sullivan says tariffs will not take center stage in talks with China MORE’s temporary moratorium on leasing federal lands and waters for oil and gas drilling is expected to have “no effects” until 2022, the Energy Information Administration (EIA) said this week.
“No effects will likely occur until 2022 because there is roughly a minimum eight-to-ten month delay from leasing to production in onshore areas,” the EIA said in its “short-term energy outlook.”
It forecasted that in 2022, the change will result in a dip of less than 100,000 barrels of crude oil per day. As of 2018, the country produced an average of nearly 11 million barrels per day of crude oil.
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In a January executive order, Biden temporarily paused the issuance of new oil and gas leases “pending completion of a comprehensive review and reconsideration of Federal oil and gas permitting and leasing practices.”
His order did not affect existing leases or stop the Interior Department from issuing new permits to drill on existing leases, though the department is subjecting those leases to an elevated review process.
It is not clear when the leasing pause will end, but during her confirmation hearing, Interior nominee Rep. Deb HaalandDeb HaalandOVERNIGHT ENERGY: National Park Service rejects request for July 4 fireworks at Mount Rushmore | Park Service says ranger who stunned Indigenous man acted ‘consistent with agency policy’ The Hill’s Morning Report – Presented by the National Shooting Sports Foundation – Biden: Back to ‘normal’ still means ‘beat the virus’ OVERNIGHT ENERGY: Graham, Sullivan signal possible support for Haaland confirmation | Agency says Biden leasing pause won’t impact 2021 energy production | Senate panel unanimously advances Biden pick for deputy Energy chief MORE (D-N.M.) said “It’s not going to be a permanent thing where we’re saying we’re restricting all these lands from something.”
However, while he was on the campaign trail, Biden pledged to ban new oil and gas permitting on federal lands and waters.
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