All the oil & gas land grant heirs are worried because oil production is coming to an end in the United States according to Gov. Mike Dunleavy expecting Biden to reject the massive oil, and gas project.
That’s not all Biden is stopping oil production in Texas as well. The move is to depend on deals the government has made with foreign countries which will not only create major job loses, but a rise in energy prices and inflation.
As Alaska labor and political leaders plead with President Biden to approve America’s largest pending oil and gas project in his final deciding moments, the state’s governor revealed he’s expecting the White House to turn it down.
“We’re preparing for them to deny this,” Gov. Mike Dunleavy said on “Cavuto: Coast to Coast” Tuesday. “And it’s sad to say that, but their idea of a compromise, apparently, is to allow only two drilling pads for this oil play called Willow, about 180,000 barrels per day at peak, instead of the three or more that really the investors, ConocoPhillips, need to have to make this thing work for everybody.”
Alaska’s AFI-CIO labor union president pointed out on “Fox & Friends First” earlier that decades’ worth of oil is available in Alaska, noting Willow creates approximately 2,500 construction jobs. Estimates also show that between $8 to $17 billion of potential federal revenue would be generated.
“It’s an unfortunate game that’s being played between the White House democrats, the extremists and environmentalists that got him there and, unfortunately, the people of Alaska in this country,” Dunleavy said.
Currently, Alaska pumps about 500,000 barrels of oil per day, according to the governor. But he expressed fears that the likely Willow disapproval will set the precedent for future drilling opportunities.
In 2021 Biden paused drilling in Texas. Biden is blamed for the downturn in new oil drilling
Now it is time for land grant heirs to think about who they elect and which side of the parties they vote for. Do they ever want to get royalty payouts from the past, present, and future for oil and gas minerals? Then they will have to consider who will be on their side in the future and in the fight that many Texas and Mexcian land grant heirs are pursuing as we have reported.