American Oil and Gas Reporter - October 2020 - 75
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Election2020: Industry Analysis
The U.S. Department of Interior's Office of Natural Resources Revenue
disbursed $11.69 billion in FY 2019 from energy production on federal
and Indian-owned lands. In general, what priorities would guide
(Biden's/Trump's) decisions on multiple-use federal lands? What
changes, if any, would (Biden/Trump) make to the Bureau of Land
Management's oil and gas leasing program?
Biden has campaigned on shutting down federal oil and gas leasing. The Mineral Leasing
Act requires quarterly lease sales for "eligible"
mineral-bearing lands, but Biden still would have
vast power to suspend or materially diminish onshore
leasing activities.
Another law, the Federal Lands Policy and Management Act, includes several ways to suspend leasing, although FLMPA authorities have acreage and time limitations, and they are subject to congressional override.
Even so, Biden could invoke them as his administration rewrites federal land management plans to
limit eligibility for oil and gas leasing, and a Democrat-led, filibuster-free Senate would seem likely to
quash Republican-initiated resolutions of disapproval.
There is a phrase that originated in the Reagan administration: "personnel is policy," because political
appointees' idiosyncratic perspectives can impact
policy outcomes. Much could depend on who Biden
picked as his secretary of interior. A New Mexican
might be somewhat protective of production, given
that more than half of the oil production in that state
is on federal land.
Of course, one name circulating in Washington is
retiring Senator Tom Udall, D-N.M., and he has
well-established green leanings. A pick such as Democratic Governor Jared Polis of Colorado, by contrast,
might signal an even tougher stance.
B
The federal oil and gas leasing program should
be allowed to continue under the current law
as long as the market allows. Federal agencies
should not prohibit energy production on federal land
that otherwise would be allowed on private land by
the relevant environmental laws and regulations.
T
OCTOBER 2020 75
American Oil and Gas Reporter - October 2020
Table of Contents for the Digital Edition of American Oil and Gas Reporter - October 2020
Contents
American Oil and Gas Reporter - October 2020 - Intro
American Oil and Gas Reporter - October 2020 - 1
American Oil and Gas Reporter - October 2020 - 2
American Oil and Gas Reporter - October 2020 - 3
American Oil and Gas Reporter - October 2020 - 4
American Oil and Gas Reporter - October 2020 - Contents
American Oil and Gas Reporter - October 2020 - 6
American Oil and Gas Reporter - October 2020 - 7
American Oil and Gas Reporter - October 2020 - 8
American Oil and Gas Reporter - October 2020 - 9
American Oil and Gas Reporter - October 2020 - 10
American Oil and Gas Reporter - October 2020 - 11
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