Monday, July 4, 2022

Oil & Gas: "Biden proposes to block offshore drilling in Atlantic, Pacific oceans, allow some in Gulf of Mexico"

From United Press International, July 2:

The Biden administration has proposed blocking all new drilling in the Atlantic and Pacific Oceans, but allowing some drilling in the Gulf of Mexico in a five-year development plan.

The plan released on Friday proposed no more than 10 potential lease sales in the Gulf of Mexico, an option for one potential lease sale in the northern portion of the Cook Inlet of Alaska, and no lease sales for the Atlantic or Pacific planning areas over the 2023-2028 period....

....MUCH MORE