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Saturday, January 21, 2012

Slow-Rolling the Industry --

The number of federal leases have never been lower in the past 25 years than they are now.

Link here.

If leasing, permitting and drilling returned to 2007/2008 levels, as many as 30,000 jobs could be created over the next four years, and federal royalties could rise by $2 billion.
The American Petroleum Institute reports,
… While federal leasing numbers have gone up and down due to a range of economic and regulatory considerations through the years, at no time in the last 25 years has the number of new onshore federal oil and gas leases been lower than the number of new leases issued in 2009 and 2010 (BLM Oil & Gas Statistics, 2010)…

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