Energy development companies had identified 744,000 acres of federal land which could yield significant returns for oil and gas extraction.  Today the Bureau of Land Management (BLM) authorized leases for 173 parcels on 144,000 acres; approximately 80% less than was identified by energy companies.  [BLM Press Release Here]

Dept of Interior Secretary Deb Haaland (pictured left) shared, “today, we begin to reset how and what we consider to be the highest and best use of Americans’ resources for the benefit of all current and future generations.”

The Biden administration, together with tribal leadership are concerned about environmental justice and sustainable energy equity for a host of multigenerational shareholder elements within the limited areas under consideration.

As the press release notes, “this pragmatic approach focuses leasing on parcels near existing development and infrastructure, such as gathering lines that can help reduce venting and flaring, and will help conserve the resilience of intact public lands and functioning ecosystems.

The new leases are mostly for areas where already existing oil and gas exploration is taking place, and the Biden administration has raised the federal royalty charges from 12.5% to a new 18.75%.   In order to keep upward pressure on gasoline prices, Green New Deal national target price $7/gal, the new leases will not be available until later this year.

[Media Article Here]

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Fed Governor Christopher Waller appeared on CNBC to announce we have reached peak inflation, and things will moderate from here.  All of these fed moves are political moves, not monetary policy-based moves. Here’s the thing they will never admit to the non-institutional investor.

The fed has been painfully slow to raise interest rates on purpose.  They did not make a mistake.  The reason for their delay is they needed to wait for the beginning of the first 2021 inflation wave to cycle through before they raised interest rates.  It’s a game of mirrors that almost no one sees.  WATCH:

The rate of inflation will drop once the statistical year-over-year comparisons reach the same moment in the prior year.  The fed will raise interest rates in May and then use the June inflation rate decline as a false talking point to highlight how their policy is working.  They wait for May, because they need to wait for the calendar, nothing else.  Inflation is measured as the percentage of change from the prior year.  By waiting until the inflation is measured against the first wave of rising prices, it will give the illusion of a decline in inflation.

So that’s why they waited.  But here’s the worse part….

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