Republicans haven’t said anything. I see Biden cancel the leases Ave the global markets react because the US is now more dependent on foreign oil. She me how that is not true. Do you have any comprehension how markets work?
The global markets around the world had no reaction to the cancellation of Lease sales.
Notice how Joe Biden issued more drilling licenses than Donald Trump, but that's not the reporting YOU'RE getting.
Notice how one of the lease sales (Alaska) was cancelled because they had no bidders and no interest from potential purchasers. He only sold two leases. Both of the leases Trump sold were cancelled by the courts because of environment concerns. Even his own sons urged him to maintain that "pristine hunting ground".
Notice how there are 8 million acres under lease to energy companies that are not being explored at present.
And from Yahoo Finance comes this little gem:
"However, the cancellations are not expected to impact current oil supply or prices, since it usually takes seven to 10 years for offshore leases to actually produce fuel."
Canceled lease sales raise new questions for offshore drilling
The cancellations of three offshore drilling lease sales this week has injected a degree of uncertainty into the future of offshore drilling. The canceled auctions mean there are no sales now scheduled and it’s unclear precisely when that will change. The Interior Department is working on a new...
finance.yahoo.com