This week on Fox Nation: FBN's Jackie DeAngelis hosts 'Bone Dry'
As gas prices remain at an all-time high, Fox Nation visits oil-rich areas of America to investigate why we aren't drilling our way to energy independence.
As gas prices across America hover at all-time highs, lawmakers, commentators and average Joes alike are asking the same question: Why is the U.S. ignoring its energy potential?
Fox Nation's latest special, ‘Bone Dry,’ hosted by Fox Business financial correspondent Jackie DeAngelis, seeks to answer that question by digging into the war on America's oil industry amid a looming backdrop of relentlessly elevated energy costs plaguing American families.
The special points to then-presidential candidate Joe Biden outlining his plans for American energy in rote: "No more subsidies for the fossil fuel industry. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill. Period. End."
It's a clear contrast, the special explores, to today's rhetoric condemning Russia and U.S. oil companies for rising energy costs, the war between the Biden administration and energy producers ensues.
AS GAS PRICES REMAIN HIGH, FOX NATION DRILLS DOWN ON OIL-RICH AREAS IN AMERICA
FILE PHOTO: U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, during remarks in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., March 31, 2022. REUTERS/Kevin Lamarque/File Photo (Reuters)
As the finger-pointing continues, Fox Nation headed to Wyoming's resource-rich Powder River Basin, Texas' Permian River Basin, and the former grounds of the now-defunct Keystone XL Pipeline to explore the evidence of who or what exactly is at fault for America's pain at the pump.
ENERGY INDEPENDENCE: WHERE DOES AMERICA GO FROM HERE?
Tall City Exploration CEO Michael Oestmann discussed what his organization could do more under the right conditions.
"We would love to go faster and add a third or fourth rig but, for us, we're financially constrained," he told DeAngelis, adding, "it's becoming more and more difficult for us to access third-party capital."
Steve Degenfelder, land manager of Kirkwood Oil and Gas which focuses on exploratory drilling in Casper, Wyoming, discussed the challenges associated with navigating federal and private lands, pointing out how a large percentage of the state's land is owned by the federal government.
"That's why oil and gas lease sales, access permits, drilling permits, or access/right aways from the federal government are so essential," Degenfelder told DeAngelis.
Degenfelder delved into discussion of the number of lease sales acquired from the federal government over recent years, and said his company has not received a lease sale in either 2021 or to date in 2022.
He also said that the leases Kirkwood Oil and Gas purchased in Dec. 2020 still have not been issued.
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To learn more about the energy crisis that's plaguing our country, visit foxnation.com to subscribe and stream related content. With gas and oil prices reaching record levels and the United States recently banning Russian energy imports, many are concerned as to how Russia's invasion of Ukraine will continue to affect the global energy market. Fox Nation's new special ‘Energy Shock: The Coming Energy Crisis,' delivers insight into how the conflict is wreaking havoc on global energy prices and why Putin's most potent weapon is energy.
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