Biden Administration To Resume Oil Leasing On Federal Land

Oil and gas leasing on U.S. federal lands will resume later this year, sources from the Biden administration have said, according to court documents cited by Reuters. The White House said in January that it would review existing oil and gas leasing regulations to see if there was space for changes in them.

While the review lasted, new oil and gas leasing would be suspended. The news caused an immediate and negative reaction from states that draw in tens of millions in revenues from oil and gas production royalties. A group of such states earlier…