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One argument for increased offshore drilling has been to reduce fuel prices. In 2007, the Energy Information Administration at the U.S. Dep. of Energy analyzed the effect of lifting the ban on oil and gas leasing on the Atlantic and Pacific coasts and the eastern Gulf of Mexico. [ 14 ]
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 ...
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 ...
More: Biden bans new oil, gas drilling off most US coasts as Trump vows to 'unban' immediately A person fishes with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal ...
The Offshore Energy and Jobs Act is a bill that was introduced into the United States House of Representatives during the 113th United States Congress. The Offshore Energy and Jobs Act would revise existing law governing the leasing, operation, and development of oil and natural gas resources available in the Outer Continental Shelf (OCS). [ 1 ]
Offshore drilling began in California in 1896, when operators in the Summerland Oil Field in Santa Barbara County followed the field into the ocean by drilling from piers built out over the ocean. Leasing California state seabed is controlled by the State Lands Commission, which halted further leasing of state offshore tracts after the Santa ...
Even Trump used the law to ban sales of offshore drilling rights in the eastern Gulf of Mexico off the coast of Florida through 2032. Biden's decision will protect the same area with no expiration.
Another argument for offshore drilling is that it will create a load of jobs, which indeed it may. However, being ugly and creating possible health hazards in the coastal waters, the drilling will hurt the tourist industry along the popular coasts, likely causing the loss of many other jobs.