Biden Could Reduce the Nation’s Production of Oil and Gas, but Probably Not as Much as Many Hope

What would a Biden administration mean for oil and gas drilling? The answer might surprise you. Joe Biden says he would halt new oil and gas activity on federal lands if he’s elected, and shift the nation away from fossil fuels. But with the oil industry facing an economic crunch, there likely isn’t much that a new president could do to make it much better—or worse.