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Life After Brown
Anyone Afraid Of Inflation?
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<blockquote data-quote="bacha29" data-source="post: 5400220" data-attributes="member: 58386"><p>The DOE and DOI regularly put drilling leases on federal lands out for bids. When there are no takers for those leases the leases expire once they reach their deadline. Neither the DOE not the DOI nor the White House can force an oil driller to take a lease they don't believe it to be in their best interest to pursue.</p><p></p><p>A few months ago Fox News was carping claiming that Biden cancelled a lease to drill on federal lands in Alaska. He did not cancel the lease . It simply expired because there were no takers.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5400220, member: 58386"] The DOE and DOI regularly put drilling leases on federal lands out for bids. When there are no takers for those leases the leases expire once they reach their deadline. Neither the DOE not the DOI nor the White House can force an oil driller to take a lease they don't believe it to be in their best interest to pursue. A few months ago Fox News was carping claiming that Biden cancelled a lease to drill on federal lands in Alaska. He did not cancel the lease . It simply expired because there were no takers. [/QUOTE]
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