Remember that only 5 weeks ago Judge Contreras (DC Federal Court) vacated OCS Lease Sale 257 because BOEM didn’t analyze the benefits of higher oil and gas prices (as a result of lower US offshore production) in reducing international consumption and GHG emissions. The about that!
Lease Sale 257 wouldn’t have helped get us through this crisis, but would have most definitely reduced our vulnerability to future crises.
Yes, we have to hold lease sales for future production. Immediate incentive to drill and produce = reduce royalties for deepwater production, streamline permit process for proposed wells, structures and pipelines. Additional incentives for independent operators!
Agreed!