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Biden Looks to Block or Limit New Offshore Drilling, Scaling Back Trump-Era Plan to Pump More Oil

Tom Ozimek July 3, 2022 Business & Markets, Economic Policies, Economy, Executive Branch, Markets, new leases, offshore drilling, Politics, US, US News, wind farm Comments Off on Biden Looks to Block or Limit New Offshore Drilling, Scaling Back Trump-Era Plan to Pump More Oil
The Biden administration has announced plans to block all new offshore oil and gas drilling in the Atlantic and Pacific oceans, while potentially letting a handful of new leases go ahead off the coast of Alaska and in the Gulf of Mexico, charting a different course from a Trump-era plan that sought to expand offshore drilling to bolster America’s energy security.
The draft plan, released on July 1 by the Interior Department, lays out several options for public input as to how many offshore oil and gas lease sales should be held over the next five years, ranging from nearly a dozen new leases to zero….

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