Federal Leases for Oil Drilling Fall Dramatically Under Biden

Federal Leases for Oil Drilling Fall Dramatically Under Biden
President Joe Biden speaks outside of Independence National Historical Park in Philadelphia, Pa., on Sept. 1, 2022. Jim Watson/AFP via Getty Images
Bryan Jung
Updated:
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The Biden administration has issued the lowest amount of federal leases to drill for oil and gas than any other administration since the end of World War Two, according to an article in the The Wall Street Journal, on Sept. 4.

The drop in permits to drill offshore or on federal lands has been noticeable, with leasing down 97 percent from the first 19 months of the Trump administration.

The federal leasing program was underutilized when energy companies were primarily focused on fracking on state and private lands during the shale boom, when energy was cheaper.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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