The decision was a victory for environmentalists concerned about the effects of this type of drilling.
The Biden administration says it is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska.
That will remove millions of acres from possible drilling as U.S. gas prices reach record highs. The Interior Department announced the decision Wednesday night, citing a lack of industry interest in drilling off the Alaska coast and “conflicting court rulings” that have complicated drilling efforts in the Gulf of Mexico, where the bulk of U.S. offshore drilling takes place.
The decision likely means the Biden administration will not hold a lease sale for offshore drilling this year. The average for a gallon of regular gas reached an all-time high of $4.40 on Wednesday after increasing by 3 cents overnight, AAA said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden administration cancels 3 offshore oil lease sales in Gulf Coast, AlaskaThe Interior Department announced the decision Wednesday night, citing a lack of industry interest in drilling off the Alaska coast and “conflicting court rulings” that have complicated drilling efforts in the Gulf of Mexico, where the bulk of U.S. offshore drilling takes place.
Read more »
Biden cancels 3 offshore oil lease sales scheduled in Gulf Coast, AlaskaThis will remove millions of acres from possible drilling as U.S. gas prices reach record highs.
Read more »
Biden Cancels Offshore Oil Lease Sales in Gulf Coast, AlaskaThe Biden administration is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska, removing millions of acres from possible drilling as U.S. gas prices reach record highs. The Interior Department announced the decision Wednesday night, citing a lack of industry interest in drilling off the Alaska coast and “conflicting court…
Read more »
Biden cancels offshore oil lease sales in Gulf Coast, AlaskaThe Biden administration says it is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska, which will remove millions of acres from possible drilling as U.S. gas prices reach record highs.
Read more »
Biden administration cancels 3 offshore oil lease sales in Gulf Coast, AlaskaThe Interior Department announced the decision Wednesday night, citing a lack of industry interest in drilling off the Alaska coast and “conflicting court rulings” that have complicated drilling efforts in the Gulf of Mexico, where the bulk of U.S. offshore drilling takes place.
Read more »
Biden cancels offshore oil lease sale in Cook Inlet citing lack of interest - Alaska Public MediaThe Interior Department announced the decision last night, citing a lack of industry interest in drilling in the federal waters of Alaska’s Cook Inlet.
Read more »