Report: Biden Leases Fewer Acres For Oil And Gas Drilling Than Any President Since 1940s
(Worthy News) – A new report from the Department of the Interior shows the Biden Administration has leased fewer acres of land for oil and gas drilling on federal lands and waters since former President Harry Truman in the 1940s.
The Department of the Interior has given out leases for 126,228 acres through August 20, 2022, according to analysis from the Wall Street Journal. The last president to lease out less than 4.4 million acres at this point in the first term of his presidency was Richard Nixon in 1969-1970.
This comes as President Joe Biden held an “inflation reduction” party at the White House South Lawn Tuesday, driven by the signing of his Inflation Reduction Act. Yet, Biden failed to mention that inflation hit a worse than expected 8.3% earlier that same day. Specifically, energy services increased 19.8% year-over-year and utility (piped) gas service jumped 33%. Behrans says Biden refusing to lease acres for drilling is sending Americans a terrible message in light of these numbers. [ Source: OANN (Read More…) ]