Biden Punishes Drillers With 15-Fold Increase In Permitting Costs, Plans To Block Arctic Oil Extraction One week after the Biden administration slapped new regulations on key power grid components, the Washington Post reports that US oil and gas companies will face a 15-fold increase in costs to drill on federal land, under a new rule released on Friday. Workers operate a drilling rig while plugging an abandoned oil well north of Shelby, Mont. (Adrián Sanchez-Gonzalez for The... Read this story
