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Market
Will the Trump administration attempt new offshore oil and gas leases in 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Department of the Interior or Bureau of Ocean Energy Management
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.
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Yes • 50%
No • 50%
No • 50%
Yes • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Leaves the ban in place • 25%
Attempts to overturn the ban • 25%
Modifies the ban • 25%
Other actions • 25%
No • 50%
Yes • 50%