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OIL and GAS LEASING REFORM

OIL and GAS LEASING REFORM

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has released a report that proposes reforms to the nation's oil and gas leasing program the changes would raise costs for energy companies to drill on public lands and water the report does not ban leasing on public lands which is something climate advocates have been fighting for but some in the energy industry fear this move will cost thousands of jobs we talked to khu 11 energy expert at hers who told us the authors of the report did not consider that by increasing the cost to oil and gas operators they may well reduce oil and gas investment and cut jobs state and local tax revenues and federal income tax revenues hers also warns energy producers might move rigs to other areas we're staying on top of this story and bringing more information as soon as it becomes available

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