Market
What will be the outcome of Biden's offshore drilling ban by end of 2025?
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Resolution / Starting Odds
Ban remains in effect • 25%
Ban partially overturned • 25%
Ban fully overturned • 25%
Ban modified but in effect • 25%
Official announcements from the US Department of the Interior, news reports, or legal documents
Story
Biden to Ban New Offshore Drilling Across 625 Million Acres Before Trump Takes Office
Jan 6, 2025, 11:06 AM
President Joe Biden is set to ban new offshore oil and gas development across 625 million acres (250 million hectares) of US coastal waters, including the Atlantic and Pacific coasts, the eastern Gulf of Mexico, and Alaska's North Bering Sea. The move, expected to be announced on Monday, aims to protect these waters by indefinitely blocking future drilling under the Outer Continental Shelf Lands Act. The ban, which is equivalent to nearly a quarter of the total land area of the United States, is intended to complicate any efforts by the incoming Trump administration to expand offshore drilling. Biden stated that drilling in these areas is "not worth the risks" and "unnecessary" to meet the nation’s energy needs. This action is seen as a significant part of Biden's climate legacy and a move to safeguard coastal communities.
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Divided opinion • 25%
Majority oppose • 25%
Majority support • 25%
Insufficient data • 25%
No • 50%
Yes • 50%
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Uncertain • 25%
No • 50%
Yes • 50%
Other actions • 25%
Leaves the ban in place • 25%
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Attempts to overturn the ban • 25%
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Yes • 50%
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No Change • 25%