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Federal oil lease sales delayed as Interior Dept navigates court decisions - Reuters

Reuters · Reuters · last updated

Upcoming federal oil and gas lease sales will be delayed as the Interior Department figures out how to weigh the climate impact of those sales without using a key tool for measuring those risks, according to a court filing issued on Saturday evening.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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