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HomeIllinois NewsBiden Cancels More Oil Lease Sales While Prices at the Pump Soar

Biden Cancels More Oil Lease Sales While Prices at the Pump Soar

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Unnamed (7)The Biden administration recently canceled the sale of several offshore oil and gas leases in the Gulf of Mexico and Alaska, leaving the oil industry justifiably concerned about the future of deepwater oil exploration and production in the United States.

These cancelations continue President Joe Biden’s mixed messaging about helping U.S. consumers facing skyrocketing gasoline prices, and America’s commitment to supplanting Russia as the primary energy supplier for Europe.

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