US’s oil bonanza - Front Page Live

US’s oil bonanza

  • 02/12/2020 10:29 am ET Molly Taft
Trump wants to change the way we handle dirty emissions—and even the oil and gas business doesn't like it

Flickr / Tim Evanson

Oil production on US federal lands and waters reached a record 1 billion barrels in 2019.

The boom is attributed to increasingly relaxed regulations and quicker government approval times are helping to drive production, officials told the AP.

The 1-billion-barrel milestone marks a 13 percent increase from 2018’s production figures, which Acting Assistant Secretary of the Interior Casey Hammond said is thanks to the administration’s willingness to create a “fair and efficient” process for industry.

“This is another example of the Trump administration undoing four or five decades of thoughtful laws to protect the public lands,” former Bureau of Land Management director Mike Penfold explained. “The benefits of this go to the oligarchs who put more money in their pockets — not other public land users or the taxpayers.”

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