Biden Bans Offshore Oil, Gas Drilling in Most Federal Waters as Trump Vows to Reverse It
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Biden Bans Offshore Drilling on 625M Acres of US Waters
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Above: Pres. Joe Biden delivers remarks at the Department of Labor on Dec. 16, 2024. Image copyright: Kevin Dietsch/Staff/Getty Images News via Gettty Images
The Spin
Democratic narrative
This ban protects marine ecosystems, coastal communities, and local economies across the US' coasts from irreversible environmental damage and oil spills. The minimal fossil fuel potential in these areas doesn't justify the environmental, health, and economic risks of new drilling, especially as the US transitions to clean energy.
Republican narrative
Biden's last-minute anti-energy policy will hurt Americans by restricting energy development and economic growth.This is a catastrophic attack on the oil and natural gas industry, as it severely limits exploration potential and long-term survival of the sector. Oil and gas are the country's greatest resources and one of its biggest economic assets.
Metaculus Prediction
There's a 50% chance that fossil fuels will make up less than 50% of US primary energy consumption by Feb. 18, 2041, according to the Metaculus prediction community.
