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A person fishes with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. President Joe Biden has permanently banned future offshore oil and gas ...
The truth is, the U.S. hasn’t been drilling much, if at all, in the areas where Biden has prohibited new oil and gas exploration. In 1969, there was an enormous oil spill near Santa Barbara ...
(Reuters) -U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision that President-elect Donald Trump, who has vowed to boost domestic energy ...
President Joe Biden is planning to ban the development of offshore oil and gas across 625 million acres of United States coastal waters in the Atlantic, Pacific and eastern Gulf of Mexico.
Biden's move had been considered mostly symbolic, as it would not impact areas where oil and gas development was currently underway, and mainly covered Trump repeals Biden's efforts to block oil ...
Biden came into office pledging to end federal oil and gas leasing, but he has been forced by court order to hold a few lease auctions. He also agreed to more leasing to win the support of Sen ...
President Joe Biden's administration on Friday proposed up to three oil and gas lease sales in the Gulf of Mexico, but none in Alaska, as it tries to navigate between energy companies seeking ...
The Energy Select Sector SPDR Fund (XLE), which tracks the performance of the largest oil and gas companies, is up more than 100% since Biden’s inauguration. The cash-rich industry has not shied ...