Biden opens the possibility of more offshore oil drilling in the Gulf of Mexico

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The Interior's oil drilling proposal could up to 11 lease sales over the next five years, but includes an option for the administration to conduct no sales.

Roughly 15% of oil production in the U.S.comes from offshore drilling.Inside the U.S.

The Interior's most recent offshore oil and gas auction was in November in the Gulf of Mexico.

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Article Details

Category: Economy

Topics: Gulf of Mexico Technology Articles Cnbc United States Markets Oil and Gas Climate change Energy US: News Climate White House Deb Haaland Source:tagname:CNBC US Source Pollution Politics Business Environment

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Article Type: News Report

Published On: 2022-07-01, 22:25:01

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 4 minutes read

Article Length: 638 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 26137

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