A recent oil and gas lease sale in Wyoming brought in $5 million, adding to federal funds from several summer energy auctions held by the Interior Department. The largest single winning bid was $2 million for 1,300 acres in the Powder River Basin oil play. The sale’s proceeds were modest compared to historic highs set in previous auctions in the oil-rich state. About 84 percent of the land offered in the auction was sold, totaling about 8,500 acres. The Biden administration has been reducing oil leasing to reduce drilling on public lands, leading to fights with Republican lawmakers. The GOP’s House spending bill would order quarterly auctions for drilling rights.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
