Biden Admin Cancels Massive Oil and Gas Leases As Fuel Prices Skyrocket

Biden Admin Cancels Massive Oil and Gas Leases As Fuel Prices Skyrocket

Biden Cancellation Order – The Last Thing We Need!

( – Gas prices continue to rise across the nation, and they’ve hit historic highs over the past few months. Rather than search out ways to reduce the hit on consumers’ wallets, it seems the Biden Administration is taking steps in the opposite direction. It recently canceled several gas and oil leases, citing a “lack of industry interest.”

On Wednesday, May 11, the Department of the Interior announced the Biden Administration was canceling oil and gas leases in Alaska’s Cook Inlet, citing a lack of interest from oil companies. This area consists of over 1 million acres of federal land prime for oil exploration.

Alaska Senator Lisa Murkowski (R) slammed the administration, saying their reasoning is “nothing more than fantasy.” According to Murkowski, more than 400,000 people in the state depend on Cook Inlet, the sole source of natural gas for them, and there’s definitely an interest in lease sales — some she’s personally investigated. The DOI’s Bureau of Ocean Energy Management also canceled leases for Cooks Inlet in 2007, 2008 and 2011.

Cook Inlet isn’t the only one on the chopping block, however. The Biden Administration also ceased leases in the Gulf of Mexico due to “conflicting court rulings,” much to the chagrin of GOP lawmakers.

The lease cancelations seem to align with President Joe Biden’s political promises, but he’s doing little to combat the rising gas prices, adversely affecting Americans in the interim.

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