Offshore oil leasing to stop for almost 2 years | Eastern NC Now

Under the Outer Continental Shelf Lands Act of 1953, the DOI must formulate and publish five-year plans detailing prospective offshore oil and gas lease sales.

Without such a plan, no federal lease sales would occur. The current five-year plan expires at the end of June. 

Milito added that the budget implies offshore leasing won’t continue until “at least fiscal year 2024.”

On Tuesday, NOIA and the American Petroleum Institute published a report examining the consequences of the Biden administration not issuing a replacement plan. The report concluded that U.S. oil production would decline by roughly 500,000 barrels per day and more than 57,000 energy industry jobs would be lost.

https://dailycaller.com/2022/03/30/joe-biden-budget-interior-department-offshore-oil-gas/

This admin is working hard and fast to destroy this country any way they can.