Russia's attack on Ukraine coupled with international calls to close off ties with the energy super-giant threaten to push Wyoming's fossil fuel-reliant economy toward even more volatile territory, according to state economists. Although President Joe Biden's executive order Tuesday banning imports of Russian coal, oil, natural gas and other petroleum products effectively
CASPER, Wyo. Oil and natural gas production in Wyoming and Colorado is on the decline ahead of a possible Biden administration moratorium on new oil and
Wyoming, Colorado oil and gas production see declines ahead of Biden moratorium By Brendan LaChance on January 27, 2021
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CASPER, Wyo. Oil and natural gas production in Wyoming and Colorado is on the decline ahead of a possible Biden administration moratorium on new oil and gas leasing on federal lands.
President Joe Biden is expected to announce the moratorium on Wednesday, following the administration’s decision last week to supsend new drilling permits for 60 days, the Associated Press reports.
Wyoming politicians and oil producers have expressed anxiety about potential impacts the Biden policies could have on the state’s oil and gas industry, though production won’t come to a halt even under the moratorium.