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The Biden administration will resume oil and gas leases on federal land beginning next week, the Interior Department announced Friday.
The Bureau of Land Management has selected about 173 parcels on roughly 144,000 acres for lease and will issue environmental assessments and sale notices starting Monday for new oil and gas projects, according to Fox News.
The agency said the amount of land up for lease is about 80% less than the acreage originally nominated.
The administration has taken several step to try to slow the soaring price of gas since Russia invaded Ukraine in late February.
President Biden announced in March that he would release 1 million barrels of oil from the United State’s Strategic Petroleum Reserve and pinned much of the blame for the rise in prices on Russian President Vladimir Putin…
