![]() ![]() She said that the bottom line is the bark was worse than the bite: “The headline looks scary, but we don’t see any immediate impact from these executive orders.”įor those who are worried about your gasoline prices going up, this is definitely not the reason. Hence, Biden feels compelled to pursue more aggressive actions. This mandates the use of masks and physical distancing in federal buildings, on federal lands and by government contractors, and urges states and local governments to do the same. I remarked that President Biden seemed to be going further left than President Obama on these issues, and she said that is probably because climate change is widely viewed as a more pressing problem now. In 17 executive orders, memorandums and proclamations signed hours after his inauguration, President Joe Biden moved swiftly to dismantle Trump administration policies. This piece by Legit.ng lists all the 17 executive orders signed by the newly inaugurated president. In that case we could end up using oil that is produced with more associated carbon emissions than if it had been produced in the U.S. In the long run, she said that a ban on drilling on federal land could lead to more imports. She added that some states that could be most impacted longer term are New Mexico, Wyoming, North Dakota, and Colorado. ![]() They expect to be able to execute on their federal lands program based on comments made in November.” For example, Devon Energy DVN has over four years of permit backlog and drilling inventory. Right now there are 7,700 unused permits. When I asked how companies might be affected, she explained “Companies have been stockpiling permits in anticipation of a move like this. They aren't looking at a full out fracking ban.” Deficit Control and Productivity Improvement in the Administration of the Federal Government. The executive order is a pause on new leases. Revoked Executive Orders 1288 (1992): see Project Labor Agreement. The language on the Biden website discussed banning permitting on federal land. They were even a little bit softened from what was said during the campaign. “These executive orders were pretty well-telegraphed. She explained that the orders were certainly not as bad as they seemed: A complete ban would have to be passed by Congress, and that looks like a longshot.įor a more in-depth interpretation of Biden’s recent executive orders, I spoke with Stacey Morris, who is Director of Research for midstream index and data provider Alerian. The order does potentially impact some future fracking operations, but Biden did reiterate before he signed it "Let me be clear, and I know this always comes up, we're not going to ban fracking."īut what Biden can’t do by executive order is an overall ban on fracking, because most fracking takes place on private land.
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