U.S. oil and gas production is increasing in some areas and decreasing in others, but new limits on parts of the drilling process could cut output significantly in the coming years.
Tim Stewart told Fox News' Neil Cavuto following the leasing reforms announcement."I think this is them trying to thread the needle, sort of split the hairs, saying, okay, we're going to go ahead with a leasing program. We're not going to put much out there."
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. "What we know is that America is the leader in the world in energy. We are blessed with abundant energy resources. That has to include the abundant resources of the sun, of the wind. That is cheaper energy," Rep Kathy Castor, D-Fla., said."We want to build those vehicles. We want to have the solar panels manufactured here in America. We want to build the wind turbines here.
A natural gas flare burns near an oil pump jack at the New Harmony Oil Field in Grayville, Illinois, US, on Sunday, June 19, 2022. Managing Director of Clearview Energy Partners Kevin Book said a lack of permitting reforms is causing problems for investment.
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