For eight long years, the disastrous policies of the Obama admin were designed to hamstring almost every facet of the American energy industry — especially oil and coal.
With the abundance of oil located under American ground and offshore, it’s ridiculous that we depend so heavily on the Middle East for our crude oil needs.
But that’s all about to change. President Trump is set to mark a massive shift in offshore oil drilling that will completely change the industry.
Washington Examiner reports:
President Trump is preparing to issue an executive order aimed at reversing former President Barack Obama’s ban on offshore drilling off the Atlantic and Arctic coasts while directing the Interior Department to redo its five-year energy leasing plan.
Interior Secretary Ryan Zinke reportedly discussed the new executive order during remarks to the industry on Thursday, according to a report citing sources in attendance. The order would reopen the Obama-era 2017 to 2022 five-year offshore drilling plan to include federal lease sales in the Atlantic Ocean and Arctic seas in Alaska.
The Obama administration had teased the idea of including first-time sales off the Atlantic coast in a draft plan in 2015, which it later reneged on with little justification.
Later, Obama took separate actions to ban offshore drilling in both Alaska and the Atlantic, using a 1953 law that governs offshore leases. There is no provision in the law that allows the next president to repeal the decision. But Trump’s executive order apparently will direct the Interior Department to find a way.
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