Tag Archive for: energyproduction

New policy speeds up leasing, broadens public land access, and supports federal energy and economic goals.

Oil and Gas Leasing Streamline by the Department of Interior

In support of the Trump Administration’s energy dominance agenda, the Oil and Gas Leasing Streamline will push through. The Department of the Interior today announced a Bureau of Land Management policy update. They designed it to expedite the oil and gas leasing process on public lands. Through a newly issued Instruction Memorandum “Oil and Gas Leasing – Land Use Planning and Lease Parcel Reviews,”. The BLM is committing to faster lease parcel reviews by aiming to complete the entire process within six months. This streamlined approach is expected to increase the availability of onshore federal lands for leasing. It will also reduce bureaucratic delays, and enhance public engagement, while reinforcing national efforts to boost job creation, lower energy costs, and strengthen U.S. Energy Dominance.

“Under President Trump’s leadership, we are ending the unnecessary delays and bureaucratic roadblocks that have held back American energy production for too long,” said Acting Assistant Secretary for Land and Minerals Management Adam Suess. “This policy puts us on a fast track to Energy Dominance—opening up more federal land for responsible development, cutting review times nearly in half, and sending a clear message that the United States is serious about job creation, low energy costs, and putting American energy first.”

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Source: doi.gov

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New Mexico's oil revenue could fund a permanent dividend, empowering residents, boosting the economy, and ensuring lasting prosperity.

Share, Baby, Share: How a permanent oil and gas fund dividend could empower New Mexicans

In his recent visit to the Land of Enchantment, Energy Secretary Chris Wright underscored New Mexico’s national significance in energy production. This is highlighting its vital role in meeting growing U.S. energy demands through oil. Moreover through solar, and emerging nuclear and geothermal industries. Simultaneously, the state is enjoying more than $800 million in new tax revenue from oil and natural gas extracted from the Permian Basin in the southeast corner of the state. The oil and gas tax revenue has grown over 50 percent in the last year. It is worth $2.1 billion. It represents over 20 percent of the state’s annual budget. Learn more about the permanent oil and gas fund.

This government-controlled wealth has prompted an urgent and consequential question: How do we transform today’s abundance into lasting prosperity? The Southwest Public Policy Institute believes the answer lies in empowering New Mexicans. It is directly by establishing a permanent fund dividend (NMPFD). Modeled after Alaska’s successful program, this proposal offers a path toward economic freedom, poverty alleviation, and long-term stability.

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Source: National Review

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