Oil industry asks Biden for more leasing and fewer rules to lower prices
< < Go Back
A leading industry group is calling on the Biden administration to shift course and more aggressively support domestic oil and gas production in response to unrelentingly high energy prices.
The American Petroleum Institute sent the White House a list of 10 policies on Tuesday that it argues will encourage production and bring down costs. Topping the list is a request that the administration quickly issue a new five-year plan for the offshore oil and gas leasing program and that it reinstate canceled sales .
President Joe Biden, who promised to end drilling on federal lands during his campaign, ordered a pause on all new oil and gas leasing during his first week in office. A court later put the pause on hold.
The administration has been behind the timeline laid out in the Outer Continental Shelf Lands Act for introducing a new leasing plan to replace the current one, which expires at the end of the month. It intends to introduce a new proposed program by June 30.
More From National Catholic Register:
Rss Feed