As early as Monday, President Joe Biden is expected to ban new offshore oil and gas development on 625 million acres of U. S. coastal territory. This decision comes just weeks before President-elect Donald Trump assumes office and may hinder his energy policies aimed at boosting fossil fuel production. The executive order, based on the Outer Continental Shelf Lands Act, would prohibit new drilling rights in the Atlantic and Pacific Oceans and the eastern Gulf of Mexico, although leasing would be allowed in other Gulf areas.
Biden’s move leverages a provision that might make it difficult for future presidents to reverse the ban. Past attempts to undo similar bans, like those made by former President Barack Obama, have faced legal challenges. The expected order is perceived as an effort by environmental activists to undermine Trump, affecting his goal of enhancing domestic energy production.
Trump has pledged to approve new drilling and reduce energy costs, claiming he would significantly cut energy prices and boost production. The Biden administration, driven by its climate policies, seemingly aims to counter these efforts, potentially complicating Trump's agenda to lower inflation through increased energy supply.
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