The Biden administration has canceled one of the most high-profile oil and gas lease sales which was pending before the Department of the Interior, at a time when Americans are suffering from record-high prices at the pump.
The DOI’s reasoning? A “lack of industry interest in leasing in the area” of more than 1 million acres in the Cook Inlet in Alaska. What’s more, the department also halted two leases under consideration in the Gulf of Mexico due to “conflicting court rulings that impacted work on these proposed lease sales,” according to CBS News.
“The Department also will not move forward with lease sales 259 and 261 in the Gulf of Mexico region, as a result of delays due to factors including conflicting court rulings that impacted work on these proposed lease sales,” said an
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