The plan from the Interior Department is one of the president’s most significant steps yet to increase domestic fossil fuel production.
I will note that the US is a net oil exporter, so this is all for overseas consumption.
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An area about eight times the size of Texas.
The gulf is already a shit show. How about every rig put the full cost of decommissioning into an interest bearing escrow account and anyone who buys the rig gets the account as part of the process (stay sin escrow until decommission)
wonder if he’ll be able to get drilling started before the next prez comes in and changes it back.
I’m not even sure if it would be viable to drill even more with the existing overproduction in the market
