Oil Prices Hit a Seven-Year High as Industry Feud with Biden Administration Continues

Oil prices hit a 7-year high this week as American oil and gas companies continue to fight the Biden administration over policies restricting production.

As the economy began to reopen this year and the demand for fuel increased, President Joe Biden, through executive order, halted and restricted oil and gas leases on federal lands, stopped construction of the Keystone Pipeline, and redirected U.S. policy to import more oil from Organization of the Petroleum Exporting Countries and Russia (OPEC+) instead of bolstering American oil and gas exploration and production.

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Interior Department Announces Reforms to Endangered Species Act Procedures

The Trump administration on Monday announced reforms to the Endangered Species Act that it says will “increase transparency and effectiveness” in the law’s implementation.

One of the reforms removes a blanket rule which treats protections for threatened species the same as endangered species. It will also require the same standards be used when officials consider delisting or reclassifying species.

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