drilling leases Archives - Marketplace

Biden administration restarts oil and gas leases on federal lands

by Andy Uhler

Apr 18, 2022

The move shows the president is trying to bring down prices, but he also appears to be going back on his word to curb oil and gas production.

It may take six months to a year before any oil is produced from new leases on federal lands. Above, pump jacks in California.

Robyn Beck/AFP via Getty Images

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