Republicans new favorite study trashes Biden s climate plans – but who s behind it?
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Republicans new favorite study trashes Biden s climate plans – but who s behind it?
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
LARAMIE The University of Wyoming’s Enhanced Oil Recovery Institute (EORI) has reviewed the impact of President Joe Biden’s temporary moratorium on new oil and gas leases on federal lands, finding significant potential impacts on Wyoming oil and gas production, access to existing and future reserves, as well as state revenue.
EORI says its analysis of the federal lease moratorium on Wyoming’s conventional oil reserves is stark due to the fact that the federal government owns 68 percent of the federal minerals in the state. The federal lease moratorium will impact 75 percent of Wyoming’s legacy (conventional) fields and 60 percent of drillable land. This policy will restrict, or possibly prevent, access to 2.9 billion barrels of potentially recoverable oil reserves on federal lands and the associated $12.9 billion in tax revenue, according to the EORI report.