Department of Interior cans oil and gas production in Alaska and Gulf of Mexico

The sun sets behind an oil drilling rig in Prudhoe Bay, Alaska on March 17, 2011. LUCAS JACKSON / REUTERS

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Biden administration cancels Alaska oil and gas lease sale
  • The Biden administration has canceled one of the most high-profile oil and gas lease opportunities pending before the Interior Department. The decision, which halts the potential to drill for oil in over 1 million acres in the Cook Inlet in Alaska, comes at a challenging political moment, when gas prices are hitting painful new highs.
  • The department also halted two leases under consideration for the Gulf of Mexico region because of “conflicting court rulings that impacted work on these proposed lease sales.”

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