Offshore Leases News Today

to increase oil production. most experts say bidens plan will make inflation worse. even some democrats dont support it, but apparently no one told joe that. >> calling on congress to suspend the federal gas tax for the next 90 days through the busy summer season, busy travel season, to the companys running gas stations and setting those prices at the pump this is a time of war, global peril, ukraine. these are not normal times. bring down the price you are charging at the pump to refl...

in 35 years. katie pavlich is here to react to the pain at the pump coming up. >> john: begin with the fox news alert, the president speaking moments ago in buffalo as the city mourns the deadliest shooting in its history. john roberts in washington. anita, good day to you. >> anita: good day to you, john. president and first lady travelling to buffalo to grieve with the families victims. accused gunman surrendering to police after allegedly shooting 13 people and killing ten. investig...

Joe biden. >> dagen: as they should, the biden administration has gone to war with natural gas and producers here in the united states. cancelling three offshore leases, one at the end of last year had high demand. but americans just know better. andy is my go-to guy on everything to do with oil production, natural gas production and he expects that retail prices will hit thshgs is the nationwide average, 4.75 a gallon. but john, frankly, i would also pay such close attention to diesel prices. d...

Does. >> john: and in fact, he made a lot of money doing it. much was put in the strategic oil reserve when it was down $30 a barrel. and department of interior announced its cancelling offshore leases, cook inlet off the coast of alaska. white house says its because of a lack of interest from the oil industry to develop the leases. these lease sales were previously canceled, same thing in 2007 and 2008 and 2011, supposedly for the same reason, whats the real deal here? >> look, if you cant get ...

Here. and that they are -- there is no constraint in the near term to do that. so near record production that is increasing and there isnt any real constraints. and it is the case, i know brian just mentioned this, actually just onshore, not the offshore leases, just onshore, there are 9,000 leases that have been permitted that have not been yet identified. that is part of why in the short term these companies dont need anything more to increase production and certainly they are increasing produ...

Bills this last year that luckily didnt go through the senate. but the bills that they passed actually reduced the amount of environmental review for new offshore leases, and they cloaked it in a mantle of jobs, new jobs. by eliminating the environmental review time for the new leases. >> in terms of what the oil companies have to offer, obviously, the regulatory process is supposed to be an adversary yal process, you expect that the companies will pursue whatever is best for their bottom line a...

President can do about that. >> a year ago 70% of leased offshore leases were not used by the oil companies. 60% of onshore were not used. they have the right to drill, they are just not drilling. when you have permitting -- it takes a while. megyn: it takes 10 years. the point is if george bush was so good upon gas prices then why are they not drilling? the bottom line is they have the right to drill and they are not drilling. the oil companies are speculating on this issue. bill oreilly has be...

I dont mean just the attorneys fees, the judges salaries, courtroom the whole bit. we subsidize people by fees that are artificially low. i consider that part of big government. final you have oil leases. if we examine end today the number of over shore lease -- if we extended the number of offshore leases it would help balance the budget. when clinton and gingrich worked out their deal, sale of spectrum, radio and cell phones back then was an important part of that revenue. you can shrink gover...

That number instead of today? on the day he was sworn in we imported 11 million-barrels a day. because of the recession its now 9.7. so we are a third of the way of his goal as of today without him having lifted a finger. a small point but its indicative how democrats are congenitally addicted to the manipulation of numbers even when its not important. he could have started with today, but he had to go to on the day i was sworn in. >> kirsten, one of the big issues and charles referred to it, th...

That number instead of today? on the day he was sworn in we imported 11 million-barrels a day. because of the recession its now 9.7. so we are a third of the way of his goal as of today without him having lifted a finger. a small point but its indicative how democrats are congenitally addicted to the manipulation of numbers even when its not important. he could have started with today, but he had to go to on the day i was sworn in. >> kirsten, one of the big issues and charles referred to it, th...