Gulf of Mexico and Alaska Coast are affected.
President Biden’s administration canceled plans to auction drilling rights in three regions off the U.S. coastline later this year, adding more tension to the relationship with the oil industry during a period of high gasoline prices.
The Interior Department announced it will not move ahead with three planned oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet.
The department stated, “Due to lack of industry interest in leasing in the area, the Department will not move forward with the proposed Cook Inlet OCS oil and gas lease sale.”
Meanwhile, the decision not to move ahead with two leases in the Gulf of Mexico region was reportedly due to “conflicting court rulings” that delayed work on the proposed lease sales.
On Thursday, the price of gasoline climbed to a national average of $4.41 per gallon according to the American Automobile Association, the third consecutive record high this week. The average cost per gallon has increased by nearly 50 percent since the same point last year, and overall energy costs are up by nearly a third, according to the Consumer Price Index.
As the Lord Leads, Pray with Us…
- For the president and his administration as they make decisions on oil, gas, and energy policy.
- For Secretary Haaland to seek God’s guidance as she heads the Interior Department.
- For officials in the Interior Department as they steward the national resources.
Sources: Wall Street Journal, Washington Examiner
