Good Joe: Biden Approves Largest Oil, Gas Lease Sale In U.S. History

At a glance

  • Although he kowtowed to environmentalists, President Biden reinstated the largest oil and gas lease sale in U.S. history, essentially steamrolling the need for environmental review, by signing the Inflation Reduction Act into law on Tuesday.
  • The legislation specifically requires the DOI to reinstate Lease Sale 257, a massive offshore oil and gas sale spanning 80.8 million acres across the Gulf of Mexico, within 30 days of enactment.
  • “There should be no questions about the issuance of leases from Gulf of Mexico Lease Sale 257,” National Ocean Industries Association President Erik said.

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