Just when you thought they couldn’t do anything more to make sure energy costs keep rising, we learn now that the Biden administration’s Bureau of Land Management plans to lock down half – half of Alaska’s National Petroleum Reserve.
The 23 million-acre petroleum reserve on the North Slope was set aside as an emergency oil supply, originally for the U.S. Navy, by President Warren Harding.
In 1976, in accordance with the Naval Petroleum Reserves Production Act, administration of the reserve was transferred to the Department of the Interior’s Bureau of Land Management (BLM) and renamed the NPR-A.
President Joe Biden is on the verge of locking down half of it, making it unavailable for oil and gas development. He intends to do so with a new rule that is proposed by the Biden Administration through the Bureau of Land Management, a division of the Department of Interior. The pubic…
