A new law just redefined what public land can be drilled for oil and gas
What happened
The US Land Management Bureau just changed the rules for what public land can be leased for oil and gas. This means the definition of 'eligible' and 'available' land for drilling is now different.
Why it matters
The US government controls vast amounts of land. How much of it can be drilled for oil and gas depends on definitions like 'eligible' and 'available.' Changing these definitions means the total area open to drilling will either expand or shrink, directly affecting energy production and conservation efforts.
The signal
Watch for the specific new definitions of 'eligible' and 'available' land, and whether they expand or restrict the total area open for drilling.