Offshore Oil and Gas Drilling Ban

SOURCE www.breitbart.com
President Biden is moving forward with a plan to ban new offshore oil and gas drilling in most U.S. coastal waters, which is being opposed by President Trump who plans to reverse the decision on his first day in office.

Key Points

  • Biden is using the Outer Continental Shelf Lands Act to ban offshore drilling in specific areas
  • Trump plans to reverse the ban on his first day in office
  • The ban covers over 625 million acres of federal waters

Pros

  • Protecting coastal areas from potential irreversible damage
  • Transitioning to a clean energy economy
  • Preserving the environment for future generations

Cons

  • Potential impact on energy self-sufficiency
  • Economic implications of limiting drilling
  • Possible opposition from supporters of offshore drilling