Biden Leasing Review May Change Royalty Rates
President Joe Biden's moratorium of oil and gas leasing buys time for a broad review of whether, and how, fossil fuels should be extracted from lands under the U.S. government's control. (Bloomberg) -- President Joe Biden’s moratorium of oil and gas leasing buys time for a broad review of whether -- and how -- fossil fuels should be extracted from lands under the U.S. government’s control. The result could have a profound impact on an industry that employs hundreds of thousands of Americans by determining what access it will have on a 10th of the nation’s land and almost all of its coas...