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Commentary by Tommy Beaudreau & Jason Bordoff • April 24, 2017
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Tommy Beaudreau and Jason Bordoff explore what’s next for offshore oil and gas leasing under the Trump Administration. The authors first provide a brief overview of the offshore oil and gas leasing process under the Outer Continental Shelf Lands Act (OCSLA) and the Obama Administration’s approach to the offshore oil and gas program. They note that decisions by the Obama Administration about the areas to include in – and exclude from – the completed 2017-2022 Program, and its exercise of authority to withdraw substantial areas off of Alaska and in the Atlantic, set the stage for potential action by the Trump Administration on access to offshore oil and gas resources, reported to be coming in an executive order later this week. Beaudreau and Bordoff then outline three potential paths the Trump Administration may take to reverse President Obama’s actions and expand access to offshore conventional energy resources which include:
President Donald Trump has made energy a clear focus for his second term in the White House. Having campaigned on an “America First” platform that highlighted domestic fossil-fuel growth, the reversal of climate policies and clean energy incentives advanced by the Biden administration, and substantial tariffs on key US trading partners, he declared an “energy emergency” on his first day in office.
While he hasn’t released an official plan, Trump’s playbook the last time he was in office and his frequent complaints about clean energy offer clues to what’s ahead.
Full report
Commentary by Tommy Beaudreau & Jason Bordoff • April 24, 2017