Biden Administration suspends oil leases in the Arctic

This is why I don’t like Executive Orders. They don’t promote stability. Everyone is subject to the whims of who ever is in office. Allow drilling… don’t allow drilling… and on and on. Just keep the rules consistent so business knows what it can and cannot do. Think of the investments wasted.

The Biden administration suspended oil leases in the Arctic National Wildlife Refuge in Alaska, the latest move in its effort to block plans to begin the first-ever drilling program in the pristine 19-million-acre wilderness.

The Interior Department said on Tuesday the program will be on hold until it completes a “comprehensive analysis” under the National Environmental Policy Act.

Wall Street Journal