Bud's Offshore Energy (BOE)

U.S. Oil Industry Uses Ukraine Invasion to Push for More Drilling at Home

New York Times

Actually, it’s a case of the Ukraine invasion demonstrating the obvious – domestic production is critical to our economy and energy security. Europe and the US have had a wake-up call and responsible leaders now recognize the importance of secure supplies and the need to halt purchases from a tyrant.

The oil industry is doing just fine with $100+ per barrel oil. They will produce oil and gas where the opportunities present themselves: Guyana, Mexico, North Sea, Africa, Brazil, Canada, private lands in supportive US states, and elsewhere. The folly is US policy that unreasonably restricts exploration on Federal lands, including the Outer Continental Shelf. These restrictions penalize the owners of those lands, the people of the United States, not the oil industry and certainly not the Russian tyrant.