Breitling Oil and Gas Morning Podcast #262 3-28-13

Delays in federal permitting for oil and gas exploration on
public land is likely reducing national energy production and
depriving the federal government of revenue, according to a
federal report released Friday.
The report is the latest addition to a mounting body of evidence
undercutting the administration’s claims that it has fostered
increased oil and gas production, critics say. Production on
lands the federal government controls has plummeted during
Barack Obama’s presidency.
The (USDA) inspector general examined 1,881 applications for
drilling permits on public land. Fewer than 4 percent of those
applications were “recent,” or filed in the last 180 days. The
rest had experienced prolonged delays.
By not processing these nominations as expeditiously as
possible IS causing the federal government to forego revenue
or prevent or delay the efforts of the private sector to provide
energy to the public. What a joke!

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