Important Takeaways:

• President Joe Biden has banned all future offshore oil and gas drilling in a last-ditch effort to stop Donald Trump from keeping his promise to expand offshoring drilling.
• It’s a blatant move to try and sabotage the incoming Trump administration as the MAGA die hard has pledged to reverse Biden’s climate change policies when he takes office in 14 days.
• Trump campaigned on a ‘drill baby, drill’ slogan and has pledged to throw out all of Biden’s green energy policies on Day One.
• In an effort to get ahead of Trump, Biden declared he is using his authority under the 70-year-old Outer Continental Shelf Lands Act to block all future oil and natural gas leasing in most U.S. coastal waters.
• The ban would stop offshoring drilling in all federal waters off the East and West coasts, the eastern Gulf of Mexico and portions of the northern Bering Sea in Alaska.
• Biden’s order will not affect large swaths of the Gulf of Mexico, where most U.S. offshore drilling occurs, but it would protect coastlines along California, Florida and other states from future drilling.

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