An existing moratorium on new drilling sites is being extended.
On Tuesday, President Trump announced that the ban on new oil and gas drilling sites in the eastern Gulf of Mexico will continue beyond its original end date of July 2022. He extended the ban to the Atlantic coast of Florida and included Georgia and South Carolina.
“We can take this step while remaining the world’s number one producer of oil and gas,” the president said.
His expansion and extension of the moratorium applies for 10 years, ending June 30, 2032. The ban on new drilling sites is intended to protect the environment and tourism.
Oil and gas production in the western and central Gulf of Mexico accounts for almost half of all offshore production in the U.S.
As the Lord Leads, Pray with Us…
- For President Trump, Energy Secretary Dan Brouilette, and their advisers as they work with oil and gas companies regarding offshore drilling.
- For the nation’s ability to maintain oil and gas reserves and keep high production standards.
- For the EPA as they seek to protect environmental needs during the economic recovery.
Sources: NY Times, Bloomberg News
