Biden increases crude oil royalty rate, scales back leases
Headline from Helena Independent Record
The announcement comes as Republicans pressure President Joe Biden to expand U.S. crude production and rein in higher gasoline prices contributing to record inflation.
Helena Independent Record's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By Ella Nilsen, CNN The Department of Interior announced Friday it planned to resume onshore oil and gas lease sales on federal land, with a higher royalty rate for companies to pay to the federal government.
The announcement comes as Republicans pressure President Joe Biden to expand U.S. crude production and rein in higher gasoline prices contributing to record inflation.
BILLINGS, Mont. (AP) — The Interior Department on Friday said it’s moving forward with the first onshore sales of public oil and natural gas drilling leases under President Joe Biden, but will sharply increase royalty rates for companies as federal officials weigh efforts to fight climate change aga…
The U.S. government will sharply boost royalty rates for companies as federal officials weigh efforts to fight climate change against pressure to bring down high gasoline prices.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Biden increases crude oil royalty rate, scales back leases | Since Then