Regulatory Changes Over US Oil and Gas Leases not Hampering Output

Regulatory changes are not slowing U.S. oil and gas production on federal lands, Barclays said on March 23, even as energy companies say the White House's policies have hindered the energy industry amid calls to ramp up output to plug potential supply shortfalls following Russia's invasion of Ukraine.

While the Biden administration early in its tenure temporarily limited federal leasing, it has shifted to pushing for more oil and gas development in the short-term to offset an expected drop in exports from Russia after its invasion of Ukraine.