Biden’s Proposed 15-Fold Price Hike to Drill on Federal Land Threatens US Energy Dominance

A section of the Trans-Alaska Pipeline emerges a few miles north of the Yukon River in Fairbanks, Alaska, on July 21, 2002. Barry Williams/Getty Images

Commentary

President Joe Biden attacks U.S. corporations for raising prices, but a new proposed regulation from the Bureau of Land Management (BLM) would make it more difficult and expensive to produce oil and gas on federal lands, raising the price of American oil and gas—and increasing inflation.