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President Biden announced an 11th-hour executive action on Monday that bans new drilling and further oil and natural gas development on more than 625 million acres of U.S. coastal and offshore waters.
According to Biden, the environmental dangers of new offshore oil and gas drilling — and the knock-on effects for the fishing, recreation and tourism industries — outweigh the potential energy ...
Offshore drilling became central in the 2008 presidential election, not least because of the oil price increases since 2003. It was also being debated in terms of both environmental issues and U.S. energy independence. As of September 2008, President Barack Obama was for limited offshore drilling as part of an extensive energy independence ...
An oil drilling platform in the Gulf of Mexico. (Getty Images) An energy industry researcher says, despite both praise and criticism of President Joe Biden’s executive order banning offshore ...
A five-year drilling plan approved in 2023 includes proposed offshore sales in 2025, 2027 and 2029. The three lease sales are the minimum number the Democratic administration could legally offer if it wants to continue expanding offshore wind development.
Leasing and drilling on federal offshore seabed is controlled by the Bureau of Ocean Energy Management (BOEM), and the Bureau of Safety and Environmental Enforcement (BSEE), formerly named the Minerals Management Service (MMS). The BOEM issues leases through competitive bidding by sealed bids.
Hornbeck Offshore Services v. Salazar is an ongoing case in United States federal court. In the wake of the Deepwater Horizon explosion and the subsequent oil spill, the U.S. Department of the Interior issued a six-month moratorium on exploratory drilling in deep water. Plaintiffs filed suit challenging the moratorium.
President Biden’s move to bar drilling across the U.S.’s East and West coasts, while splashy, may not have significant climate or energy impacts in the years ahead. Because very little oil and ...