In early January 2025, President Joe Biden issued an executive order prohibiting new offshore oil and gas drilling across more than 625 million acres of U.S. federal waters.


President Joe Biden
This ban encompasses the entire U.S. East Coast, the eastern Gulf of Mexico, the Pacific coasts of Washington, Oregon, and California, as well as parts of Alaska's Northern Bering Sea.


Fishing Businesses Depend Upon a Healthy Marine Environment
The decision aims to protect coastal communities, marine ecosystems, and local economies from the environmental risks associated with offshore drilling.


Sea Coast Oil Spill Containment Boom


Turtle Swimming In Clean Marine Environment
The eastern Gulf of Mexico is one of the areas that will be banned with Biden's order.
Urian Udell
President-elect Donald Trump immediately announced his intention to reverse this ban upon taking office on January 20, 2025, citing the need to boost domestic energy production and achieve energy independence.


President Elect Donald Trump
Aba Selassie
Donald Trump was very quick to state that he would overturn the ban. However, this may not be straightforward. The Outer Continental Shelf Lands Act grants presidents the authority to withdraw areas from mineral leasing, including oil and gas drilling, but does not explicitly provide the power to reverse such withdrawals made by predecessors. Therefore, reversing the ban could require legislative action by Congress or could face legal challenges, potentially complicating and delaying the process.
Richard Johnson
Markets reacted to the news of the oil exploration ban. The oil price rose!


When the oil price goes up, the consumer pays!
More on this story at >> NPR
Related Headlines
Hundreds Of Contaminated Sites In Colombia
Ecopetrol Oil Pollution CrisisImplications For Global Oil Markets
United States Plans To Refill Strategic Petroleum ReserveEU Gives More To Russia Than Ukraine
EU Ukraine Aid Vs Russian Oil And Gas BillProfits Down
Aramco Slashes Shareholder DividendsOil Investment Returns
Back To Petroleum Should BP Rename And Rebrand Once More