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US drilling approvals to reach high levels


“He’s walking the tightrope,” said energy industry analyst Parker Fawcett with S&P Global Platts, noting that Keystone and ANWR came without huge political costs because they were aimed at future projects.
“Those easy wins don t necessarily have huge impacts on the market today,” Fawcett said. “He is definitely backing off taking drastic action that would rock the market. . What you’re going to see is U.S. oil production is going to continue to rebound.”
Haaland has sought to tamp down Republican concern over potential constraints on the industry. She said during a House Natural Resources Committee hearing last month that there was no plan right now for a permanent ban.” ....

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