We’ve known for some time now that the oil and gas industry has been stymied in obtaining new oil drilling leases from the Biden administration. Scheduled lease sales (that are required under federal law) continue to be canceled or delayed. But even the sales that manage to be approved are not resulting in new energy exploration in many cases, particularly when it comes to offshore leases. So what’s causing all of this?
Why has Biden been delaying offshore oil permits? It was a math error!
