Fewer Acres For Oil And Gas Drilling Leased Under Biden Than In Nearly 80 Years

Harry Truman was the last U.S. president to lease fewer available acres of the nation’s land for gas and oil drilling than currently under the Biden Administration.

This startling fact is highlighted in a new report from the Department of the Interior and shines the spotlight on this White House’s war on energy. Not only is there less land for lease, very little is being distributed for utilization under President Joe Biden.

It is necessary to go back to Richard Nixon’s first term to find a president who leased less than 4.4 million acres at this point of his presidency.

For perspective, the Interior Department has given out leases for 126,228 acres through last month, as reported by the Wall Street Journal.

The Biden administration has gone through a tug-of-war with federal judges over the suspension and reinstatement of sales of oil and gas leases, with the White House consistently on the side of less drilling and production.

Last month’s much ballyhooed climate bill contained some compromises to get the support of moderate Democrat Joe Manchin (D-WV), and some lease sales will be held over the twelve months in Alaska and the Gulf of Mexico.

Still, it should come as no surprise that this administration is historically backwards when it relates to getting more production, therefore more product and lower prices, to the American people.

The new report from the Department of the Interior came even as the president and his supporters held a White House South Lawn event last week. The celebration was for the Inflation Reduction Act, which is doubly deceptive since it does nothing to reduce skyrocketing prices.

It is also a misnomer because earlier in the same day, the government announced that inflation for August hit 8.3%. This pushed markets into a deep spiral.

Furthermore, even as gas prices have fallen, energy services increased 19.8% year-over-year and utility gas service a whopping 33%.

This administration very early on declared war on energy. Siding with windmills and solar panels, the nation’s economic security was frittered away. The lack of drilling and production led straight to higher prices at the pump and elsewhere, and the blame goes straight to the White House.