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INSIGHT-Biden drilling ban forces Democratic-led Original Mexico to reckon with oil dependence

INSIGHT-Biden drilling ban forces Democratic-led Original Mexico to reckon with oil dependence

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(Reuters) - When Stan Rounds heard about U.S. President Joe Biden’s plans to suspend new drilling on federal lands to fight local weather change, he alarmed in regards to the learning budget.FILE PHOTO: Drilling rigs characteristic within the Permian Basin oil and pure gasoline production situation in Lea County, Original Mexico, U.S., February 10, 2019. Image taken February 10, 2019. REUTERS/Prick Oxford/File PortrayRounds heads a disclose affiliation of faculty directors. He knows that Original Mexico - dwelling to the nation’s richest oil fields on federal lands - depends carefully on drilling revenues to finance its struggling public schools. And budgets include already taken a hit from falling crude costs as the coronavirus pandemic sapped world gasoline set a matter to.“While you...