After 15 months of ignoring a court order, the Biden Administration recently announced the long-overdue resumption of federal oil and gas lease sales – at a greatly reduced scale. With the available acreage significantly cut back and royalty rates hiked, it’s hard to see the move as anything other than a grand gesture to appease the critics who want more energy security and those who want fewer fossil fuels. A grand, but empty gesture that will offer few actual solutions to building up our domestic energy reserves, leaving us continually vulnerable to foreign suppliers – particularly...
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