President Joe Biden will move Monday to block all future oil and gas drilling across more than 625 million acres of federal waters — equivalent to nearly a quarter of the total land area of the United States, according to two people briefed on the decision who spoke on the condition of anonymity because the announcement is not yet public.
The action underscores how Biden is racing to cement his legacy on climate change and conservation in his last weeks in office. President-elect Donald Trump, who has described his energy policy as “drill, baby, drill,” is likely to work with congressional Republicans to challenge the decision.
Biden will issue two memorandums that prohibit future federal oil and gas leasing across large swaths of the Atlantic Ocean, the Pacific Ocean, the eastern Gulf of Mexico and the Northern Bering Sea in Alaska, the two people said. The oil and gas industry has long prized the eastern Gulf of Mexico in particular, viewing the area as a key part of its offshore production plans.
…
Karoline Leavitt, a spokeswoman for the Trump transition team, said in an email: “This is a disgraceful decision designed to exact political revenge on the American people who gave President Trump a mandate to increase drilling and lower gas prices. Rest assured, Joe Biden will fail, and we will drill, baby, drill.”
The move could have the biggest impact in the Gulf of Mexico, which accounts for about 14 percent of the country’s crude oil production, according to the U.S. Energy Information Administration. Industry operations there focus on a small sliver of federal waters off Louisiana’s coast.
I am reminded of Obama banning coal plants from dumping their waste in rivers, 2 weeks before the end of his term, which was immediately reversed by Trump.
Exactly what I was thinking.
Exactly what Biden is thinking too. He presided over record oil extraction during his term.
Should last what two weeks?
Average national cost of gasoline per gallon in the US (monthly average) first went over $3 nearly two decades ago. Today it’s $3.07. The July 2006 average of $3.025/gallon would have the purchasing power of around $4.75 in today’s dollars. What are people really thinking they should be paying for gasoline in a world that needs to be moving AWAY from using fossil fuels?
The problem with those numbers is that gas is a totally inelastic demand for anyone who can’t afford an EV. Actual wages haven’t gone up 60% in 2 decades, so paying 4.75 today would hit a lot harder than paying $3 in 2006.
Why are we linking to a Republican rag to report on Democratic “policy”?
Because this is the sort of meaningless feel-good story that Bezos thinks his readers want as he turns The Washington Post into The New York Post.
Is it anything more than symbolic at this point considering Trump will be in office in 15 days?
Because he’s going to immediately reverse it.Global warming averted forever!
Inb4 a random red state sues for loss of profits and 5th circuit blocks the motion.
My money is on Texas this time.
These memorandums, how legally robust are they? Will Trump just be able to turn them over?
Apparently no https://youtu.be/SGwc5jWnhM8
Nelson: Ha-ha

Ok do genocide next



