Trump Says He'll Immediately Undo Biden’s Ban on Offshore Drilling

‘We can’t let that happen to our country. It’s really our greatest economic asset,’ the president-elect said after the executive action.
Trump Says He'll Immediately Undo Biden’s Ban on Offshore Drilling
President-elect Donald Trump speaks during a meeting with the House GOP conference in Washington on Nov. 13, 2024. Allison Robbert/Pool Photo via AP
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President-elect Donald Trump has said that he would immediately reverse President Joe Biden’s new ban on future offshore oil and gas developments in parts of the Atlantic and Pacific oceans.

The outgoing president announced an executive action on Jan. 6 prohibiting new oil and gas leasing across 625 million acres of U.S. oceans, including the entire East and West coasts, the eastern Gulf of Mexico, and portions of the northern Bering Sea in Alaska, with no expiration.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."