Biden Administration Suspends ANWR Oil and Gas Leases
The Department of the Interior on Tuesday suspended all oil and gas leases in the Arctic National Wildlife Refuge (ANWR) which were approved during the Trump administration. The department is notifying lessees that it's suspending oil and gas leases in the Arctic refuge, pending the review, whether the leases should be reaffirmed, voided, or subject to additional mitigation measures according to Interior Secretary Deb Halaand.
The 2017 Tax Cuts and Jobs Act initially allowed the area to be developed for energy purposes. Prior to the bill, the area had been the subject of a decade-long battle for oil-industry access, according to Politico. The Biden administration placed a moratorium on the leasing program in January, reported Politico, until the legal deficiencies were determined.
Gas prices have been rising steadily since Biden took office in January with the current prices rising 60 cents per gallon higher than in January, according to the Daily Wire.
I believe the Biden administration's suspension of ANWR oil and gas leases is a payback to the environmentalist groups. This is an all-out assault on the oil and gas industry. Whether one likes it or not, our society is dependent upon oil and gas for the functioning of our society. Stopping oil production and raising gas prices won't help the middle class. Instead the middle class if feeling the pinch with the Biden administration placing a halt to Keystone Pipeline and suspension of the ANWR oil and gas leases. Click on the above link to read the remainder of the story.
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