On Thursday, the 90-day comment period for the Department of the Interior's (DOI) proposed five-year offshore leasing plan ended, paving the way for the agency to issue a final decision. In July, the DOI unveiled the plan which gutted a Trump administration proposal, ruling out any leasing in the Atlantic or Pacific and opening the door to an unprecedented scenario where no lease sales would be held through 2028.
"The
ability of U.S. producers to provide more oil and natural gas supplies
to the world market has also changed geopolitical dynamics for the
better, resulting in greater energy security for the U.S. and its
allies, in addition to global environmental benefits," Cole Ramsey, the
vice president of upstream policy at the American Petroleum Institute
(API), said Thursday.
"Given the current global circumstances,
rarely has a strong offshore leasing program been more essential to our
energy security." Read more and see video here.
