(RepublicanInformer.com)- A five-year plan to stop new offshore oil drilling operations in the Atlantic and Pacific seas was unveiled by the Biden administration on Friday.
According to the Department of the Interior, the proposed approach will enable the administration to hold zero new lease auctions. Over the course of the next five years, the proposal might permit a maximum of 11 oil lease auctions for offshore drilling, 10 in the Gulf of Mexico and one in the Cook Inlet off the coast of south-central Alaska.
According to Department of the Interior (DOI) Secretary Deb Haaland, a Proposed Program is not a decision to grant specific leases or to permit any drilling or development.
She stated that from day one, she and President Biden have been clear about their commitment to move to a sustainable energy economy.
The plan calls for expanding oil output and President Joe Biden’s commitment to combating climate change despite rising petrol costs and inflation. During his campaign, Biden also promised to outlaw offshore fossil fuel drilling. Given that it sometimes takes years for businesses to start drilling once a transaction is finalized, any new offshore leases are unlikely to have an immediate influence on gasoline costs.
A new federally required five-year plan for offshore oil drilling will be implemented as part of the recently announced plan. In the Gulf of Mexico, the DOI last staged an offshore oil and gas auction in November. However, the sale was later halted by court order because the administration had not adequately considered the impact of the deal on the environment.
The DOI aims to invite public input on this topic and may adjust the areas they open up for additional drilling based on the response they receive.
The Biden Administration won’t want to see The public’s reaction in the mid-term elections when they punish the Democrat party for the mishandling of… Well, everything.
