President Joe Biden introduced his ‘Build Back Better’ plan in January with pink slips to 11,000 workers connected to the Keystone XL Pipeline.
While targeting the rich, the series of tax increases run the risk of stressing consumers already choked by inflation. Prices are already up more than 5 percent from August last year.
The resumption of federal oil and gas leases is a relief to New Mexico, although the industry remains cautiously optimistic.
Two months after President Joe Biden suspended oil and gas leases in the Arctic National Wildlife Refuge, Interior has ordered a new environmental review.
New Mexico Republicans sent a letter to President Biden warning of the deep consequences the administration’s pause on land leases will have on the state.
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