In its first few months, the Biden administration has initiated a long list of climate change-related policy measures targeting fossil fuels. The one with the most immediate impact has been the indefinite suspension of new oil and natural gas leasing activity on federal lands. In contrast, oil and gas projects on state and privately owned lands have been relatively unaffected to date.
The Permian Basin, straddling Texas and New Mexico, is the world’s most productive shale oil and gas field. More than half of the energy produced on the New Mexico side is on federal lands and subject to the new restrictions, while almost none of the lands on the Texas side are under federal control.
How will the administration’s policy play out in the Permian Basin? What are the economic impacts, including those on jobs and state revenues, of these and other potential restrictions on domestic oil and gas activity?
Join CEI for a discussion of these and other questions with Garrett Golding of the Federal Reserve Bank of Dallas, Kathleen Sgamma of the Western Energy Alliance, and CEI Senior Fellow Ben Lieberman.