Utility users in the United States, who are already facing some of the highest bills in years, are expected to spend considerably more this winter as natural-gas prices continue to rise.
How Biden’s Policy Will Make Oil Expensive for Decades to Come
As soon as Mr. Biden took office, he ordered an indefinite freeze on new leases, and the Interior Department demanded extra evaluations of drilling licenses for the following sixty days. Since then, the administration has only attempted one offshore sale, which a judge ruled unlawful in January. It restarted onshore leasing this summer after a federal court in Louisiana ruled in June 2021 that the president’s suspension was illegal.