Biden’s offshore leasing Mortarium will improve greenhouse fuel emissions – what does that imply?
Guest “I couldn’t invent this kind of slate if I tried” by David Middleton
Reporting from the Dallas Ice Station
NOIA Declaration to BOEM to Repeal Decision Protocol for Leasing Sales in the Gulf of Mexico
For immediate release: Friday, February 12, 2021
NOIA contact: Justin Williams, (202) 465-8464 | jwilliams@noia.org
The Obama administration conducted several environmental reviews of current leases in the Gulf of Mexico, taking into account the impact on the climate
Erik Milito, President of the National Ocean Industries Association (NOIA) in Washington, DC, made the following statement after the Bureau of Ocean Energy Management (BOEM) announced that the Decision Protocol (ROD) for the Oil and Gulf of Mexico ( GOM) to cancel Gas Lease Sale 257:
“We remain confident that once the administration completes its review, it will proceed with the lease sale. Under the Outer Continental Shelf Lands Act, Interior has completed multiple environmental assessments and specifically considered the 2016 climate impact during the Obama administration.
“The Obama administration’s review of the 2017-2022 five-year offshore oil and gas leasing plan found that without these leasing sales, greenhouse gas emissions would be higher because power generation would be outsourced to overseas counties, resulting in a higher carbon footprint. Offshore oil production has the lowest carbon intensity of any oil producing region and supports more than 345,000 jobs, many of which are accessible, highly paid and not easy to replace. “
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The National Ocean Industries Association (NOIA) represents and promotes a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.
GIRL
So … you don’t want to believe NOIA?
The report concludes that US greenhouse gas emissions are barely affected by leasing decisions under BOEM’s 2017–2022 OCS Oil and Gas Lease Program (“2017–2022 Program”) and could in fact increase slightly without new OCS leasing. However, given analytical limitations, BOEM assumed that for the purposes of this analysis and the analysis that forms the basis of the 2017-2022 program, foreign oil wells would replace reduced OCS supply and that the production and transportation of that foreign oil would emit more greenhouse gases .
Wolvovsky, E. and Anderson, W. 2016. OCS Oil and Natural Gas: Potential Life Cycle Greenhouse Gas Emissions and Social Costs of Carbon. BOEM OCS report 2016-065. 44 pages
Old China Joe got off to a good start! WTI is now over $ 60 / bbl!
https://www.realclearenergy.org/
WTI is up $ 23 / barrel since election day.
https://markets.businessinsider.com/commodities/oil-price?type=wti
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