Thanks to the development of America’s abundant shale resources, energy supply shocks seemed to be a thing of the past. But with winter approaching, the Biden administration’s refusal to allow timely lease sales for production on federal lands is set to contribute to the highest energy prices in years.
While some opponents of responsible energy production used a recent Department of Interior forum to call for a ban on all oil and natural gas development on federal lands, or to make the Biden administration’s pause on new leasing a permanent ban, Interior Secretary Deb Haaland began the event with an important acknowledgement:
“There is no doubt that oil, gas and coal energy from our public lands and the ocean has helped build our economy and power our nation.