Market
How will Biden's offshore oil ban affect U.S. oil production levels by end of 2025?
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Reports from the U.S. Energy Information Administration or other reputable energy analysis sources
Story
Biden Prepares Decree to Permanently Ban Offshore Oil Development in Sensitive Marine Areas Before Trump Takes Office
Jan 2, 2025, 04:52 PM
President Joe Biden is preparing to issue a decree that will permanently ban new offshore oil and gas development in certain U.S. coastal waters. This move aims to establish difficult-to-revoke protections for sensitive marine areas before former President Donald Trump takes office. The decision comes as Biden seeks to halt additional offshore drilling, reflecting his administration's commitment to environmental protections during the final weeks of his presidency.
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