An executive order from U.S. President Donald Trump issued April 28 calls for federal lease sales to include new parts of the Gulf of Mexico, the Atlantic Ocean and some of the Arctic waters off the coast of Alaska "as appropriate and consistent with applicable law."
U.S. waters in the Atlantic are relatively untouched by energy explorers. The latest auction for Gulf of Mexico acreage for drilling brought in about $275 million in high bids and federal reports find the Arctic basins alone hold about 22 percent of the world's undiscovered conventional oil and natural gas resources.
Oliver Williams, a spokesperson for the Arctic Energy Center, said Trump's order is lawful. Former President Barack Obama designated Arctic and Atlantic basins off limits, but Williams said it was that designation that was flawed.
"There's no precedent to show a ban should be permanent, there is nothing to suggest a subsequent White House cannot overturn the decision, and that the last administration's application of the rule conflicts with the Outer Continental Shelf Lands Act's wider specification to ensure the Outer Continental Shelf is 'available for expeditious and orderly development,'" he said in a statement
[upi.com]
4/5/17
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