Biden’s Offshore Leasing

  • 2021
  • February
  • 16
  • Biden’s Offshore Leasing Moratorium Will Increase GHG Emissions

OIL AND GAS

Biden’s Offshore Leasing Moratorium Will Increase GHG Emissions

1 day agoDavid Middleton37 Comments

Guest “I couldn’t make this sort of schist up if I was trying” by David Middleton

Reporting From Ice Station Dallas

NOIA Statement on BOEM Rescinding Record of Decision for Gulf of Mexico Lease Sale

For Immediate Release: Friday, February 12, 2021
NOIA Contact: Justin Williams, (202) 465-8464 | jwilliams@noia.org
Obama Administration Conducted Multiple Environmental Reviews of Current Gulf of Mexico Lease Sales, Considered Climate Impacts

Washington, D.C. – National Ocean Industries Association (NOIA) President Erik Milito issued the following statement after the Bureau of Ocean Energy Management (BOEM) announced that it is rescinding the Record of Decision (ROD) for the Gulf of Mexico (GOM) Oil and Gas Lease Sale 257:

“We remain hopeful that the Administration will proceed with the lease sale upon completion of its review. Pursuant to the Outer Continental Shelf Lands Act, Interior completed multiple environmental reviews and specifically considered the climate impacts in 2016 during the Obama Administration.

“The Obama Administration review of the 2017-2022 Five Year Plan for offshore oil and gas leasing determined GHG emissions would be higher without these lease sales because energy production would be outsourced to foreign counties resulting in a higher carbon footprint. Offshore oil production has the lowest carbon intensity of the oil producing regions and supports more than 345,000 jobs, many of which are accessible, high-paying and cannot be easily substituted.”

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The National Ocean Industries Association (NOIA) represents and advances a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.

NOIA

So… You don’t want to believe NOIA?

The report concludes that America’s GHG emissions will be little affected by leasing decisions under BOEM’s 2017–2022 OCS Oil and Gas Leasing Program (“2017–2022 Program”) and could, in fact, increase slightly in the absence of new OCS leasing. However, given analytical constraints, BOEMassumed that, for purposes of this analysis and the analysis that forms the basis of the 2017-2022 Program, foreign sources of oil will substitute for reduced OCS supply, and the production and transport of that foreign oil would emit more GHGs.

Wolvovsky, E. and Anderson, W. 2016. OCS Oil and Natural Gas: Potential Lifecycle Greenhouse Gas Emissions and Social Cost of Carbon. BOEM OCS Report 2016-065. 44 pp

Old China Joe is off to a running start! WTI is now over $60/bbl!

https://www.realclearenergy.org/

WTI has climbed $23/bbl since Election Day.

https://markets.businessinsider.com/commodities/oil-price?type=wti

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