If a report by Bloomberg is spot on, the Biden administration intends to attack the oil and gas industry even more by curtailing sales of U.S. drilling rights.
If so, it would impact companies like Devon Energy, one of the largest holders of drilling leases on federal lands.
Bloomberg reported Monday the administration is prepared to release a blueprint for the sales limitation that is just short of an outright ban pushed by some environmentalists.
Click here for the Bloomberg report.