AS GAS PRICES SOAR, BIDEN ADMIN ANNOUNCES OIL AND GAS LEASE CANCELLATIONS IN ALASKA AND GULF OF MEXICO

With gas prices soaring to all-time highs, it was announced tonight that the Biden Administration has issued fresh cancellations of oil and gas leases in Alaska and the Gulf of Mexico.

A top official with the American Petroleum Institute, the country’s largest oil and gas trade association, Frank Macchairola, called the cancellation of Alaska’s Cook Inlet lease “another example of the administration’s lack of commitment to oil and gas development in the US.”

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