Connect with us


Judge OKs Resumption Of Oil And Gas Leasing



Drilling machine has drill for rock blasting with mining activities | Judge OKs Resumption Of Oil And Gas Leasing | featured

On Tuesday, a federal judge in Louisiana allowed oil and gas leasing on public lands and waters. This invalidates the previous order made by President Joe Biden to block the said activities. As a result, the White House suffered a massive setback in its efforts in addressing climate change. 

RELATED: Gas Prices Are Now Highest Since 2014

Oil and Gas Leasing To Resume

Attorneys General of Louisiana and West Virginia filed a motion to stop the Biden administration from holding off oil and gas leasing activities in at least 13 states.

In particular, states that joined the lawsuit were Alabama, Alaska, Arkansas, Georgia, Mississippi, Missouri, Montana, Nebraska, Oklahoma, Texas, and Utah. Also, Wyoming filed a separate suit. 

Judge Terry Doughty of the US District Court for the Western District of Louisiana said the states met the requirements for the lawsuit to proceed.

Specifically, the states established that they will each suffer injury if the new oil and gas leases remain on hold. “Millions and possibly billions of dollars are at stake,” Doughty wrote. “Although there is certainly nothing wrong with performing a comprehensive review, there is a problem in ignoring acts of Congress while the review is being completed,” Doughty added.

Freeze On The Freeze Order

The order gave a preliminary injunction to the 13 states over the freeze on new drilling auctions and oil and gas leasing. Louisiana remains a major hub for offshore oil and gas production.

The federal government wanted a review of all existing fossil fuel agreements. This is part of the Biden administration’s move to limit fossil-fuel extraction in the name of fighting climate change.

Meanwhile, the Interior Department said they will comply with the ruling. However, they have yet to confirm when the auctions can resume.

The nation's top oil and gas trade group, the American Petroleum Institute, issued a statement. It urged the administration “to move expeditiously to follow the court's order and lift the federal leasing pause”.

Meanwhile, the Center for Biological Diversity environmental group issued a statement deriding Doughty’s decision. The order “turns a blind eye to runaway climate pollution that's devastating our planet.”

Fundamentally Broken

Interior Secretary Deb Haaland earlier said that the federal oil and gas program remains  “fundamentally broken” and said that “taxpayers deserve to make the most out of their public lands”. In addition, Interior officials insist that the review is temporary. Also, they stressed that the policy does not affect existing leases. 

Meanwhile, the Attorney General of the 13 states hailed Doughty’s decision. In fact, West Virginia Attorney General Patrick Morrisey said the ruling was “the first of many major victories against the Biden administration.”

Watch the Stream News report that a federal judge is set to rule on an effort to lift Biden’s moratorium on new oil:

Do you agree with Judge Doughty’s ruling to unfreeze new oil and gas leasing in states?

Please Select One:

View Results

Loading ... Loading ...

Do you support the ruling allowing the resumption of new oil and gas leasing activities? Also, do you agree that Biden shouldn’t freeze oil and gas leasing without considering a state’s economy?

Tell us what you think about Judge Doughty’s decision. Share your comments below.

1 Comment

1 Comment

  • Charles Clayton says:

    I believe it’s time the government stop interfering with people’s livelihood.let people decide.put it on a ballot.

Leave a Reply

Your email address will not be published. Required fields are marked *

Continue Reading

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.


Is THE newsletter for…


Stay up-to-date with the latest kick-ass interviews, podcasts, and more as we cover a wide range of topics, in the world of finance and technology. Don't miss out on our exclusive content featuring expert opinions and market insights delivered to your inbox 100% FREE!