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SOURCE ROCK BLOG

Is Speaker Pelosi Sneaking Pork into the Budget Reconciliation Package?

8/31/2021

 
Congressional budget reconciliation documents released by the House Natural Resources Committee reveal lawmakers plan to direct $200 million to a park in Speaker Nancy Pelosi’s San Francisco congressional district. The special project is among many that would be funded by increased revenues and fees targeting oil and natural produced on public lands.
 
According to a confidential document obtained by E&E News and legislative language released Monday listing the priorities of Chairman Raul Grijalva (D-AZ), the Presidio Trust is slated to receive $200 million as part of the $3.5 trillion budget package. Each committee in Congress is given jurisdiction over a specific dollar amount within the ongoing reconciliation process. The documents show how the Natural Resources Committee plans to spend its $25.6 - $31 billion allocation
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The Presidio is a former military base converted into a 1,500-acre beach-front park located next to the Golden Gate Bridge. The well-adorned park features several private residences, office spaces, hotels, a golf course, and event venues located in the heart of Speaker Pelosi’s 12th Congressional District.
 
Here are a few key questions that need to be answered about how the Presidio’s funding was inserted into the Natural Resources list of priorities and how it will be used:

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Inefficiencies Abound --> Stop the Federal Government!

8/17/2021

 
​It’s official. The Biden Administration will conduct no lease sales this quarter or in the 2021 fiscal year that ends September 30th. August 15th marked the 45-day deadline to announce a lease sale before the end of the quarter as required by the Mineral Leasing Act. It also marked 60 days since Judge Terry Doughty in the Western District of Louisiana issued a preliminary injunction overturning the leasing ban.
 
As anticipated, the Interior Department announced the appeal to the Fifth Circuit on the last possible day. The justification of course started with climate change, which we all know is practically irrelevant as federal production would simply be displaced to nonfederal lands or overseas. Hence President Biden’s plea to Russia and OPEC just the week before to increase production. 

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Envoys to the Oil Patch, Not OPEC

8/12/2021

 
Monday, the Intergovernmental Panel on Climate Change (IPCC) released a major chapter in its sixth assessment report (AR6), the first significant update since 2014. IPCC is the “gold standard” of climate science, based on thousands of published studies.
  
But science is not a golden oracle that dictates what policies follow. It’s up to policymakers to take the science and translate it into realistic, actionable policy. The IPCC doesn’t provide solutions on how to reduce carbon emissions while still meeting the needs of humanity for food, shelter, mobility, home heating and cooling, medicines, water, and other life-sustaining products and services.

There is rarely a clearer illustration of this reality than the actions from the White House just two days after the IPCC report was released​. National Security Advisor Jake Sullivan issued a statement about the effects of high gasoline prices on the global economy. This follows efforts over the summer to encourage OPEC and Russia to increase production. The White House also directed the Federal Trade Commission (FTC) to investigate oil companies for potential market manipulation.

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When is Not Leasing Not a Ban: The leasing ban “is still in place” according to Sec. Haaland

8/11/2021

 
In a hearing before the Senate Energy and Natural Resources Committee on July 27th, Interior Secretary Deb Haaland faced basic questions on when the Department of the Interior (DOI) will:
 
  • Comply with an order from a Louisiana federal judge who ordered a halt to President Biden’s ban on new oil and natural gas lease sales, and
  • Release a report on how DOI will conduct a comprehensive review of the entire federal oil and natural gas program, as ordered six months prior by the president.
 
The secretary’s responses were not as forthcoming nor as informative as lawmakers would have liked. The exchange between Sec. Haaland and Sen. Cindy Hyde-Smith (R-MS) is illustrative of the confusion.

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