Law360, New York (May 15, 2012, 5:48 PM ET) -- The Obama administration released a special report Tuesday showing that most federal oil and natural gas leases remain idle, pushing back against Republican and industry claims that the president's energy policies have stymied production on federal lands.
The U.S. Department of the Interior’s report — issued as an update on President Barack Obama’s energy strategy — found that 72 percent of offshore leases and 56 percent of onshore leases were “neither producing nor under active exploration or development” as of May 2012.
In recent months, Republicans...
Shut Up And Drill, Interior Tells Oil And Gas Cos.
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