Biden administration delays oil and gas lease sales again amid environmental protest

6/21/2022 10:04:00 PM
Biden administration delays oil and gas lease sales again amid environmental protest

Biden administration delays oil and gas lease sales again amid environmental protest

Biden administration delays oil and gas lease sales again amid environmental protest

The Bureau of Land Management delayed three oil and gas lease sales for the second time this month to complete environmental reviews and 'allow time for protest resolution.'

TheBiden administration delayedmultiple oil and gas lease sales a second time late last week amid an ongoing protest from environmental groups opposing the sales.The Bureau of Land Management (BLM), the agency tasked with overseeing oil and gas development on public lands, announced Friday the dates for three lease sales slated for New Mexico, Colorado and Wyoming would take place at the end of the month. The three sales had already been rescheduled once before for the same reason.

"The date for this sale has shifted slightly to complete the analyses required under the National Environmental Policy Act and allow time for protest resolution," the BLM said in its announcements Friday.The BLM originally scheduled the New Mexico and Colorado sales for June 16 and the Wyoming sale for this week.

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Check out what's clicking on FoxBusiness.Biden lashed out at oil companies, saying they are making excessive profits when people are feeling the crunch of skyrocketing costs at the pump and inflation.President Joe Biden told reporters he is open to enacting a “gas tax holiday” as prices hover around $5 per gallon on average across the country.Jasmine Crockett, a Texas state representative, told the Times .

com. The Biden administration delayed multiple oil and gas lease sales a second time late last week amid an ongoing protest from environmental groups opposing the sales. “I want an explanation for why they aren’t refining more oil,” Biden said. The Bureau of Land Management (BLM), the agency tasked with overseeing oil and gas development on public lands, announced Friday the dates for three lease sales slated for New Mexico, Colorado and Wyoming would take place at the end of the month. The federal gas tax is 18. The three sales had already been rescheduled once before for the same reason.S. "The date for this sale has shifted slightly to complete the analyses required under the National Environmental Policy Act and allow time for protest resolution," the BLM said in its announcements Friday. Former Bernie Sanders campaign manager Faiz Shakir told the Times that he thinks Biden could beat Trump again.

The BLM originally scheduled the New Mexico and Colorado sales for June 16 and the Wyoming sale for this week. Yet those efforts have yet to reduce price pressures meaningfully, such that the administration is now considering a gas tax holiday. The money is used to pay for road projects, often on interstates. US IS ON ‘CUSP OF RECESSION’ IF NOT ALREADY THERE, OIL ANALYST WARNS In addition, a separate oil and gas lease sale in Nevada scheduled for June 14 was delayed two weeks earlier this month. Two others set for June 28 in Utah and Montana haven’t been pushed back. The Penn Wharton Budget Model released estimates Wednesday showing that consumers saved at the pump because of gas tax holidays in Connecticut, Georgia and Maryland. "Greenhouse gas pollution resulting only from existing federal fossil fuel development and potential development from leases and drilling permits already issued but not yet under production, would contribute to catastrophic climate change and unnecessary and undue degradation to the atmosphere and other public lands values that BLM is legally obligated to protect," a coalition of 13 environmental groups wrote in a May 18 protest filing challenging the Nevada sale. Report a typo. Steam billows from stacks at the Naughton Power Plant on Jan. In an interview Sunday on ABC’s “This Week,” Treasury Secretary Janet Yellen expressed an openness to a federal gas tax holiday to give motorists some relief.

12, 2022 in Kemmerer, Wyo. While the power plant will be closed in 2025, TerraPower announced Kemmerer will be the site of a demonstration nuclear reactor. More: President Biden takes spill while getting off bike after beach ride He took a moment to offer assurances about inflation — the consumer-price index increased to a nearly 40-year high of 8. (AP Photo/Natalie Behring / AP Newsroom) The groups, led by the Western Environmental Law Center, argued the administration wasn’t legally required to hold the sales as it had argued and that it would need to conduct an extensive environmental review before proceeding. The Sierra Club joined that coalition and filed a second protest. “We’re going to get though this, guys,” Biden told one group of beachgoers.  BIDEN FLOATS GAS TAX HOLIDAY, BUT ANALYSIS SHOWS IT COULD WORSEN INFLATION In April, the Department of the Interior (DOI) announced it would proceed with the six oil and gas lease sales as part of a reformed federal leasing program that reduced land available by 80% and increased royalty rates for drillers.

The administration said it would hold the sales because of a June 2021 federal court ruling blocking President Joe Biden’s attempted pause on all new leasing. Former Treasury Secretary Larry Summers told NBC’s “Meet the Press” on Sunday that in his estimation, “the dominant probability would be that by the end of next year we would be seeing a recession in the American economy. The administration has yet to hold a single onshore lease sale over the last 18 months ago. President Biden's posture towards oil and gas producers has faced criticism amid soaring energy prices. “There’s nothing inevitable about a recession,” Biden said. (AP Photo/Lee Jin-man, Pool / AP Newsroom) Republican lawmakers and fossil fuel industry groups, meanwhile, have criticized Biden for his climate agenda. Since taking office, he has canceled the Keystone XL pipeline, rolled back drilling in Alaska's Arctic National Wildlife Refuge and pushed for green energy subsidies. Disclaimer.

GET FOX BUSINESS ON THE GO BY CLICKING HERE "We need to flip the switch," House Energy and Commerce Committee Ranking Member Cathy McMorris Rodgers told Fox News in an interview on June 13. "We need to unleash American energy." A BLM spokesperson reiterated the agency’s statement Friday in an email and a DOI spokesperson referred Fox News Digital back to the original BLM press releases in response to an inquiry.  Markets .