Showing posts with label oil an gas drilling. Show all posts
Showing posts with label oil an gas drilling. Show all posts

Monday, March 25, 2019

Trump’s pick to run Interior looms large behind ocean sell-off

  On March 20, 2019, the U.S. Department of the Interior (DOI) opened all planning areas in the Gulf of Mexico for the fourth-straight offshore oil and gas lease sale since President Donald Trump took office. Throughout the past 35 years, the DOI has typically auctioned leases in 1 of 3 Gulf sections at a time. But ever since David Bernhardt, the current acting secretary, was sworn in as deputy interior secretary in August of 2017, the whole Gulf has essentially been up for grabs. These Gulfwide auctions are likely watering down the competition, allowing the oil and gas industry to buy up America’s taxpayer-owned mineral resources at fire sale prices—and Bernhardt’s former industry clients are among those who benefit.