Biden is expected to approve a compromise plan for offshore drilling, which is considered extremely disappointing.
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The act of drilling in federal waters has sparked controversy among environmental organizations, the oil industry, and the public due to the 2010 explosion of BP’s Deepwater Horizon oil rig.
By Ben Lefebvre
Updated:
Suggested the potential of not conducting any offshore lease auctions in the proposal, a concept that received harsh criticisms from Manchin and other supporters of the oil industry.
Manchin expressed disapproval of the Interior’s plan, calling it a “lack of leadership” due to the small number of sales. However, he acknowledged that without his proposal to link wind sales with oil sales, the administration would have completely halted the oil program.
Manchin stated that while three lease sales are better than none due to the IRA, it is counterproductive to restrict our energy production when other countries are using energy as a weapon.
Beth Lowell, the U.S. vice president for Oceana, expressed disappointment with the Interior’s proposal, which authorized significantly fewer offshore leases compared to the previous plan. She was one of many environmental groups who urged President Biden to refrain from any new lease sales.
Environmental organizations are expressing frustration towards President Biden for giving the green light to the Willow oil venture in Alaska in March. They are calling on his administration to put a stop to any future leasing. These groups believe that addressing climate change and protecting the environment requires an end to the production of fossil fuels and the harmful carbon emissions they generate.
According to Lowell, President Biden is setting a negative example by prioritizing polluters over effective solutions for climate change. He believes that allowing more offshore drilling, which is harmful to the environment, will worsen the already urgent climate crisis.
However, the small amount of new lease sales being proposed and the lengthy gaps between auctions are likely to receive criticism from Manchin. The fact that the plan does not include new lease sales off the coast of Alaska may also lead to Senator Manchin joining the battle.Lisa Murkowski
The senior senator from the state who belongs to the Republican party and has been a crucial vote for the Biden administration’s agenda.
There has been a significant decrease in interest for drilling in the Arctic waters of Alaska over time. On the other hand, the Gulf of Mexico is responsible for producing approximately one out of every seven barrels of oil in the United States, occasionally even surpassing Texas as the leading oil producer in the country.
This could potentially shift as the government increases restrictions on drilling in the area.
According to Erik Milito, the president of the National Ocean Industries Association, the postponement of auctions further damages the already declining long-term trust and assurance in the Gulf of Mexico area. Milito, who represents oil companies in the Gulf, believes that delaying lease sales could lead to even more delays in the future.
The act of drilling for oil in federal waters has become a source of controversy between environmental organizations, the oil industry, and the public. This issue was intensified by the 2010 explosion of BP’s Deepwater Horizon oil rig, which resulted in one of the biggest oil spills ever recorded. Some Republican candidates for president view offshore drilling as crucial for the nation’s energy security, despite Florida Governor Ron DeSantis’ stance against it during his campaign.
The development of the current five-year strategy was notably prolonged and fraught with disagreement. The project was initiated by the Trump administration, but eventually abandoned and later resumed by the Biden administration.
The recent surge in oil prices during the end of summer, reaching nearly $100 per barrel, is adding to the already existing political pressure. Despite the United States being on track to produce record amounts of oil this year, retail gasoline prices remain elevated, causing a headache for President Biden and Democrats as they prepare for next year’s election.
Source: politico.com