After 15-month pause, BLM to resume selling oil and gas leases

“Industry suggests that the significant surplus of leases and permits is necessary for a successful business model, but this speculative approach contributes to unbalanced land management,” the November report said. “When land is under contract for potential oil and gas activity, the shared public lands cannot be managed for other purposes, such as conservation or recreation.”

Environmentalists, however, counter that the industry holds leases on enough oil and gas deposits, issued with abandon under Trump’sagenda, to keep it busy for years. Groups see Biden’s tolerance for oil and gas exploration and production on public land as a disappointing back peddle to the president’s pledge to combat climate change.

In December, the BLM released a list of six parcels in Utah spanning 6,645 acres that it was considering for leases. While environmental groups decried the federal government’s resumption of leasing, the industry was equally perplexed with the slim offerings Interior is making available after such a long pause. Of the 733,000 acres nominated for leasing, the BLM plans to offer just 144,000 acres.

He's joining Man City

Not quite. If prices aren't being 'dampened' by this, it's because the price of oil and gas is still being artificially inflated by the companies.

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