Energy

BLM Moves to Fast-Track Oil Permits in Alaska Petroleum Reserve

The Bureau of Land Management wants to cut the permitting time for some oil and gas projects in Alaska’s National Petroleum Reserve to as little as 60 days, according to a Friday press release. The proposed rule would replace separate case-by-case reviews for qualifying production sites with a stand

Source: OilPrice.com

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DW NOTE

The BLM is streamlining permits in Alaska's National Petroleum Reserve while Hormuz has been closed for 189 days and WTI is up 21% in a month. When supply routes are physically severed, regulatory speed-up becomes the only available lever — which means it wasn't being pulled before because it didn't need to be.

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BLM Moves to Fast-Track Oil Permits in Alaska Petroleum Reserve

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