Biden to ban new permits for drilling on federal lands, waters for one year

The Biden Administration is set to extend a ban on new leases for oil and gas drilling and fracking on federal lands and waters for one year as it attempts to combat climate change, a source told FOX Business. The decision comes days after President Biden signed an executive order that putting drilling and fracking on hold for 60 days. Biden on the campaign trail called for the U.S. to phase out its dependence on fossil fuels.-- More...

No question' Biden administration is 'trying to stifle' oil, gas production: Former RNC chair

Former RNC Chair Haley Barbour discusses the potential impact of new restrictions imposed by the Biden administration on the U.S. energy industry.