Market
How will Biden's offshore oil and gas ban impact US oil production in 2025?
2
Resolution / Starting Odds
Increase • 25%
Decrease • 25%
No change • 25%
Data not available • 25%
Energy production reports from the U.S. Energy Information Administration (EIA)
Story
Before Trump Takes Office, Biden to Ban New Offshore Oil and Gas Development in US Coastal Waters
Jan 2, 2025, 06:05 PM
President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters. This move aims to lock in difficult-to-revoke protections for sensitive marine areas during his final weeks in the White House. The executive order is expected to complicate President-elect Donald Trump's plans to expand domestic energy production and block his energy agenda. Biden's action is rooted in a 72-year-old law that gives the White House wide discretion to permanently protect US waters from oil and gas leasing, and the decree cannot be easily undone by the incoming administration.
View original story
Similar markets
Minor decrease (<5%) • 25%
Moderate decrease (5-10%) • 25%
Significant decrease (>10%) • 25%
No significant change • 25%
Decrease by more than 10% • 25%
No significant change • 25%
Decrease by less than 5% • 25%
Decrease by 5-10% • 25%
No change • 25%
Significant Decrease • 25%
Moderate Decrease • 25%
No Change • 25%
Increase • 25%
Significant decrease • 25%
Moderate decrease • 25%
Uncertain • 25%
Increase • 25%
Decrease • 25%
No Change • 25%
No significant impact • 25%
Negative impact • 25%
Moderate positive impact • 25%
Significant positive impact • 25%
Ban remains in effect • 25%
Ban modified but in effect • 25%
Ban fully overturned • 25%
Ban partially overturned • 25%
Positive impact • 25%
No significant impact • 25%
Moderate negative impact • 25%
Significant negative impact • 25%
No significant change • 25%
Increase by over 10% • 25%
Increase by 5-10% • 25%
Decrease • 25%
No significant change • 25%
Increase • 25%
Data not available • 25%
Decrease • 25%
No significant change • 25%
Decreased opposition • 25%
Increased opposition • 25%
Increased support • 25%