For decades, American taxpayers have lost out due to an unfair oil and gas leasing system. Outdated leasing processes and below-market fees failed to provide a fair return to taxpayers, instead burdening us with growing financial liabilities.

Recent reforms have modernized the federal leasing system, securing a fair return for taxpayers. The Bureau of Land Management’s (BLM) recent rule, “Fluid Mineral Leases and Leasing Process,” includes crucial fiscal leasing reforms passed by Congress and updates to bonding requirements that have not changed since the 1960s. Let’s not turn back the clock on these fiscally responsible updates.

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