Connect with us

Nevada

More drilling in Nevada won’t lower prices — just make Big Oil richer

Published

on

More drilling in Nevada won’t lower prices — just make Big Oil richer


This opinion column was submitted by David Jenkins, president at Conservatives for Accountable Stewardship; and Russell Kuhlman, govt director for the Nevada Wildlife Federation.

Within the present international vitality disaster, Nevadans have been hit laborious, with costs on the pump exceeding 5 {dollars} per gallon. However as an alternative of working to decrease costs for customers, oil and fuel firms have chosen to capitalize on the Russian invasion of Ukraine for their very own achieve. They’ve referred to as for extra public land permits and leases, whereas sitting on 8,800 authorized drilling permits. However proof reveals extra drilling gained’t decrease fuel costs. 

Within the face of excessive gasoline costs, many elected officers are pointing fingers on the administration when they need to actually be centered on at this time’s vitality market. Since oil is a globally traded commodity, the world market is answerable for value volatility, even for oil produced within the U.S.

Worldwide conflicts virtually at all times drive up oil costs, and that is what we’re seeing now. In actuality, lower than 10 % of U.S. oil and fuel comes from federal lands. Even so, the administration has been encouraging the business to make use of what they’ve. However Huge Oil CEOs aren’t listening.

Advertisement

As an alternative, they’ve chosen to prioritize share buybacks for his or her buyers over manufacturing. A latest survey by the Federal Reserve Financial institution of Dallas confirmed that just about 60 % of oil executives stated strain from shareholders to extend returns is the first driver behind public firms’ reluctance to develop output.

Russell Kuhlman

The fossil gasoline business has made it clear that they care extra about their backside line than they do about reducing fuel costs for Individuals struggling to make ends meet — people who have to get to work, purchase groceries and deal with their households.

When oil and fuel firms lease extra federal lands, particularly underneath this damaged federal leasing program, it does nothing to decrease fuel costs. Furthermore, “speculative leases” on lands that may by no means generate oil are dangerous as a result of they lower these lands off from getting used for recreation alternatives. This can be a enormous drawback in Nevada, the place not more than 3 % of leased public land has been in manufacturing at any level over the previous 20 years.

The basis of the problem lies in our damaged leasing system. Despite the fact that most of Nevada’s public lands have little to no drilling potential, speculators can wait out bidding to purchase up leases for simply $1.50 per acre by a backdoor loophole referred to as “noncompetitive leasing.” The overwhelming majority of federal land in Nevada is leased this manner, and these leases hardly ever ever produce any oil or fuel. Leasing extra land in Nevada gained’t result in extra drilling or drive down fuel costs, however it would make oil and fuel CEOs richer. With out federal oil and fuel reform, it’ll proceed to be too straightforward for the business to reap the benefits of our public lands for his or her revenue.

Proper now, there are a number of payments in Congress that might assist to repair this damaged system. Sen. Catherine Cortez Masto and Rep. Susie Lee have launched payments that might finish speculative leasing on low potential public lands, whereas Senators John Hickenlooper, Martin Heinrich and Jacky Rosen and Rep. Mike Levin are sponsoring payments to finish the wasteful noncompetitive leasing program.

We want Congress to work with the Biden administration and the Division of the Inside to guard our public lands for using Nevadans — particularly because it’s clear that public land leasing insurance policies aren’t in charge for rising client vitality costs. It’s time to take heed to the calls of Western voters, who overwhelmingly need protections for wildlife, air and water, and recreation prioritized over drilling. The jig is up for oil and fuel firms — we all know the reality, and now it’s time to behave.

Advertisement

David Jenkins is the president at Conservatives for Accountable Stewardship. Russell Kuhlman is the chief director for the Nevada Wildlife Federation.

Have your say:The way to submit an opinion column or letter to the editor



Source link

Nevada

Nevada City’s 9th Annual Public Menorah Lighting heading indoors due to Thursday rain forecast

Published

on

Nevada City’s 9th Annual Public Menorah Lighting heading indoors due to Thursday rain forecast


Due to rainy weather forecast, the Annual Menorah Lighting in Nevada City has been moved indoors to The Miners Foundry (325 Spring St, Nevada City). Co-sponsored by Chabad of Grass Valley and The Miners Foundry, this special and FREE Chanukah celebration will take place on Thursday, December 26, at 4:00 p.m., and the public is invited to join the fun.

This year, for the first time ever, the event will feature the lighting of a 12-foot illuminated menorah, the largest and brightest in Nevada County. The menorah lighting promises to be an inspiring and memorable moment, bringing the community and our elected officials together to celebrate the message of Chanukah.



Source link

Continue Reading

Nevada

Nevada County Properties | Recreation Realty, Inc. returns to historic Highway 20 location in newly expanded community hub

Published

on

Nevada County Properties | Recreation Realty, Inc. returns to historic Highway 20 location in newly expanded community hub


Celebrating 50 years in business, Nevada County Properties | Recreation Realty, Inc. is thrilled to announce the consolidation of their two offices, Broad Street Nevada City and Hwy 20 at Harmony Ridge to its original home on Highway 20, Nevada City, at Harmony Ridge, this December! This move not only brings the company “back to its roots” but also provides the community with a newly expanded and renovated hub for convenience and connection.

The updated building is now home to three unique businesses: Nevada County Properties | Recreation Realty, Inc., Tour of Nevada City Bicycle Shop Outpost, and Harmony Ridge Market, offering residents and visitors a one-stop destination for real estate inquiries, outdoor recreation needs, and a local deli and convenience store all at the entrance to the popular Scotts Flat Lake recreation destination.



Source link

Advertisement
Continue Reading

Nevada

Brendon Lewis era is over for Nevada football

Published

on

Brendon Lewis era is over for Nevada football


The Wolf Pack will have a new starting quarterback next season.

Brendon Lewis, who has played the majority of snaps the past two seasons, has committed to play football for Memphis next year.

Lewis played in 24 games at Nevada, completing 342 passes on 548 attempts for 3,603 yards, 18 touchdowns and 13 interceptions. He finishes his Wolf Pack career with a QB rating of 123.7.

Lewis previously played for the University of Colorado Buffaloes from 2020 to 2022.

Advertisement

His departure leaves two quarterbacks on the Nevada roster for next season who played in 2024 — AJ Bianco and Chubba Purdy — along with incoming freshman Carter Jones, who coach Jeff Choate raved about on signing day Dec. 3.

Lewis’ departure wasn’t the only transfer portal roster change for Nevada. Wolf Pack offensive lineman Isaiah World has committed to Oregon and fellow linemen Tyson Ruffins will play for Stanford, while Josiah Timoteo will move to Oregon State.

The Wolf Pack has added Bryce Echols (6-foot-5, 271 pounds) a defensive lineman who played for Arizona last season and Hadine Diaby (6-3, 300) and offensive lineman who played for Tennessee State

The winter transfer window closes Saturday, Dec. 28. The spring window is set for 10 days, opening April 16 and closing April 25.

Advertisement

Nevada football transfer portal 2024-25

  • Isaiah World, OT, RS Jr, 6-87, 280, to Oregon
  • Brendon Lewis, QB, RS Jr, 6-3, 209, to Memphis
  • Ike Nnakenyi, edge, RS So, 6-3, 220
  • KK Meier, S, RS So, 6-1, 203
  • Jonah Lewis, CB, so., 5-10, 168
  • Tyson Paala-Ruffins, OL, So., 6-3, 205, to Stanford
  • Drue Watts, LB, RS Jr, 6-1, 215
  • Mackavelli Malotumau, DL, Jr, 6-1, 290
  • Josiah Timoteo, OL, So, 6-4, 300,, to Oregon State
  • Luke Farr, OT, Fr., 6-6, 283
  • Sean Dollars, RB, RS Sr, 5-10, 185
  • Carter Jula, P, Fr, 6-2, 205
  • Devin Gunter, CB, Sr, 5-11, 175



Source link

Continue Reading
Advertisement

Trending