“Just because you have a lease doesn’t mean there’s actually oil and gas in that lease…” //

There are 9,000 federal drilling permits companies can use to bolster oil production!

Biden repeated this line in his speech about banning Russian energy sources, including oil. We’ve seen gas prices go up before Russia invaded Ukraine, but it’s only going to get worse. //

Mike Sommers, CEO of the American Petroleum Institute, confirmed the industry continues to use “a higher percentage of federal onshore and offshore leases than at any time in the past, and it’s continuing to increase production to meet surging demand.”

But Biden leaves out necessary information because it voids his argument:

“There’s a fundamental misunderstanding of the administration as to how the process actually works,” Sommers said in an interview on the sidelines of the conference.

“Just because you have a lease doesn’t mean there’s actually oil and gas in that lease, and there has to be a lot of development that occurs between the leasing and then ultimately permitting for that acreage to be productive,” he said. “I think that they’re purposefully misusing the facts here to advantage their position.”

The majority of our foreign oil comes from Canada. It’d be more if Biden opens the Keystone XL pipeline. Mexico and Saudia Arabia come next. Russia makes up about 8% of what we got last year: