Biden Admin Cancels Sale of Gulf of Mexico, Alaska Oil and Gas Leases as Gas Prices Soar to All-Time Highs

Thursday, May 12, 2022 | Tag Cloud Tags: , , , ,

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(Worthy News) – The Biden administration has now canceled one of the most high-profile oil and gas lease sales in the Gulf of Mexico and off the coast of Alaska, removing millions of acres from possible drilling as U.S. gas prices reach record highs.

It’s just the latest move by President Biden to oppose oil and gas production in the U.S. On his first day in office, Biden immediately canceled the Keystone XL pipeline which would have provided more oil to the U.S.

The Interior Department announced the latest anti-oil decision Wednesday night, claiming a lack of interest in drilling off the Alaska coast and arguing that “conflicting court rulings” have complicated drilling efforts in the Gulf of Mexico where the bulk of U.S. offshore drilling takes place. [ Source: CBN News (Read More…) ]

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