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As crude oil approaches $100 a barrel amid turmoil in the Middle East, the Biden administration continues its war on fossil fuels by hamstringing federal offshore drilling leases to the bare minimum required by law. Iran, Russia, Venezuela, and other adversarial oil producers are the only winners of such a nonsensical decision, while the biggest loser may be America’s energy security.
The Interior Department’s five-year plan for offshore oil and gas leasing includes a mere three auctions in the Gulf of Mexico over the next five years — by far the lowest since World War II. In comparison, the Trump administration proposed a plan in 2018 for 47 lease sales, located in the Atlantic, Pacific, and Alaska. Even the Obama administration held two auctions most years.
After the plan was announced, Sen. Murkowski, R-Alaska, rightly pointed out, “The Biden administration’s long-delayed five-year plan for offshore oil and gas has no lease sales in Alaska waters – even though they acknowledge that will result in higher energy prices and higher emissions.”
This decision is not surprising given the president’s campaign promise to