Venezuelan oils means Wyoming frustration

Updated: Nov. 30, 2022 at 7:16 PM CST
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CHEYENNE, Wyo. (Wyoming News Now) - As news splashes headlines about the Biden administration tapping Venezuela for oil, we spoke with Wyoming mineral authorities about what this might mean for Wyoming.

Wyoming state mineral sector leaders are at a loss about the recent federal decision to resume limited drilling for Venezuelan oil.

This news comes after a federal limit on national digging for additional resources due to environmental concerns.

“This country used to be energy independent we did so by developing our own natural resources. Wyoming is a leader. We can do this in a we can do this in an environmentally sound way.So it makes no sense to take an adversary ass and give them the opportunity to provide to our nation,” said Gov. Mark Gordon.

And as the supreme court lawsuit restricting gas lease sales on public lands.

“That in itself is a big detraction into any exploration and could be in development too,” said Steve Degenfelder, Land Manager Kirkwood Oil & Gas.

Wyoming’s petroleum authorities underscore the abundance of resources Wyoming has to offer.

But struggle against the stranglehold the current administration is placing on utilizing the abundance of resources we have here at home.

“This is really a choice by the administration to look elsewhere for products that we need. Which makes us less energy independent, it makes us more reliant on foreign oil, which is a huge national security. It’s also an environmental and economic issue here in the united states,” Ryan Mc Connaughey, Vice President, Petroleum Association of Wyoming.

To lower gasoline prices, the Biden administration looks to foreign suppliers for our energy needs.

“It hurts the predictable nature of a business climate in Wyoming when Wyoming is owned 65 percent of the mineral by the federal government,” said Degenfelder.

But western states continue to push the federal government to continue focusing on developing national energy first...No word on if we can anticipate any further bills with that focus.

Gordan says Republicans are more hopeful that this sector may see some relief soon with a changing congress.

And that Wyoming’s leadership and innovation will help develop “all of the above " resources to meet our national needs.