Biden Goes After American Energy Producers By Raising Fees 20-Fold
The Interior Department’s Bureau of Land Management (BLM) has proposed increasing royalty rates for oil and natural gas drilling on federal lands from 12.5 percent to 16.67 percent—about a third higher–and raising the minimum bond paid upon purchasing an individual drilling lease from $10,000 to $150,000. To top it off, they propose raising the minimum bond required […]