- Oil production from U.S.- managed lands and waters topped a record 1 billion barrels last year, federal officials said Tuesday, as technological advances helped drive development in new areas and the Trump administration eases rules on the industry. It includes oil from onshore and offshore parcels and American Indian-owned lands managed by the U.S. “This is another example of the Trump administration undoing four or five decades of thoughtful laws to protect the public lands,“ Penfold said. “That will undoubtedly affect production from (Department of Interior) lands as well,” Ozkan said. Royalties collected by the government on oil production increased to $7.5 billion in 2019, according to Interior officials.

Source: thestar February 11, 2020 15:59 UTC