Several Republican Senators have reintroduced a bill to streamline oil and gas development permitting in the U.S., aimed at boosting mineral revenues for states and reducing regulatory burdens and costs. U.S. Senator John Barrasso (R-WY), together with Senators Mike Enzi (R-WY), John Hoeven (R-ND), and Kevin Cramer (R-ND), reintroduced on Thursday the Opportunities for the Nation and States to Harness Onshore Resources for Energy (ONSHORE) Act. The provisions of the ONSHORE Act eliminate duplicative regulations, which are currently discouraging “oil and gas development on federal land and deprive states and local communities of much-needed jobs and revenues,” Senator Barrasso said in a statement. The bill gives states the authority to manage the oil and gas permitting processes and the regulatory responsibilities on federal land within their borders. According to the bill’s sponsor and co-sponsors, the Act would promote energy development by cutting regulatory costs and uncertainty, while at the […]