Trump Wants GOP To Stop Debates And Announce Him Winner, You Agree?

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The Biden administration has revealed its offshore drilling plan for 2024-2029, proposing a record low of three lease sales for oil companies to acquire drilling rights. These sales, scheduled for 2025, 2027, and 2029, will be exclusive to the Gulf of Mexico, marking a significant reduction in offshore drilling opportunities compared to previous administrations.

Although the plan has undergone public consultation, it will undergo a 60-day review before finalization.

Historically, Democratic administrations have been more generous with offshore drilling auctions. Both the Obama and Clinton eras proposed 16 sales, with 11 or 12 of them being executed.

The American Petroleum Institute, representing the oil and gas sector, criticized the plan as overly “restrictive.” Mike Sommers, the organization’s CEO, expressed concerns about the potential impact on America’s energy leadership and consumer access to affordable energy.

Conversely, some environmental advocates felt the plan didn’t go far enough. They had anticipated the administration would refrain from introducing new lease sales altogether, especially since Biden, during his 2020 campaign, advocated for a halt on new oil and gas permits on public territories and waters.

Abigail Dillen from Earthjustice expressed disappointment, emphasizing the urgency of addressing climate change and the risks of further fossil fuel extraction, especially in light of recent extreme weather events.

The political and legal landscape has evolved since Biden’s last campaign, influencing the current decisions.