oil and gas
Environmentalists called the reforms long overdue. Industry says they will drive small producers off of federal lands.
William Perry Pendley, an anti-federal land zealot, wrote the playbook for a Republican-controlled Interior Department, with an assist from an oil buddy.
“The government should stop prosecuting peaceful protesters, and instead find ways to tackle the climate crisis," defense attorney Raj Chada said.
The administration's offshore drilling plan proposes no more than three lease sales over the next five years — the smallest number in the leasing program's history.
WHAT'S HAPPENING
Fifteen years after Sarah Palin popularized "drill, baby, drill," the three-word slogan maintains its appeal despite catastrophic climate change.
Environmentalists had mixed reactions to the proposal, with some calling it an inadequate step in the face of looming climate disaster.
The Saudi cut of 1 million barrels per day, to start in July, comes as the other OPEC+ producers agreed in a meeting in Vienna to extend earlier production cuts through next year.
Russian authorities have rejected a price cap on the country’s oil set by Ukraine’s Western supporters and are threatening to stop supplying the nations that endorsed it.
Rail is never oil producers’ first choice, but a new transcontinental line could become the most attractive backup option when pipelines fail.
Democrats' likely last chance to pass meaningful legislation to address the crisis just went up in smoke. Everyone will pay the price.