![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by AFP Staff Writers New York (AFP) May 12, 2022
The Biden administration has scotched plans to hold three offshore oil and gas lease sales in Alaska and the Gulf of Mexico, a government spokeswoman said Thursday. Citing a lack of interest from the industry, the Interior Department won't offer tracts at the proposed Cook Inlet in Alaska, an agency spokeswoman said. The department also will not undertake a pair of lease sales in the Gulf of Mexico "as a result of delays due to factors including conflicting court rulings that impacted work on these proposed lease sales," the spokeswoman said. The action comes as polling shows US President Joe Biden struggling with low approval ratings amid consumer fury at high gasoline prices and inflation in other household staples. Reaching first oil and gas production from a federal offshore lease typically takes at least one or two years of drilling and other work. That means the decision on the lease sales will not affect the near-term supply outlook driving commodity prices. Still, Republican politicians and business lobby groups slammed the Biden administration's energy policy, which has emphasized the need for more green energy to address climate change. "President Biden's administration is actively making high gas prices worse," said Senator Bill Cassidy, Republican of Louisiana. "When we need to unleash American energy production, the Biden administration kills opportunities at every turn. The administration's actions over the past year and a half have been an all-out assault on American energy, Louisiana jobs, and families' pocketbooks." The US Chamber of Commerce and the American Petroleum institute also blasted the decision, with the latter pointing to a problematic "pattern" in which the Biden administration "talks about the need for more supply and acts to restrict it." But the Alaska Wilderness League called the development "great news for Alaska," touting it as a "huge win for the environment, our climate, and endangered Cook Inlet belugas."
![]() ![]() Donors pledge $33m to stop 'catastrophic' Yemen oil spill The Hague (AFP) May 11, 2022 Donor countries on Wednesday pledged more than $30 million to help prevent an ageing oil tanker from unleashing a potentially catastrophic oil spill off the coast of Yemen, organisers said. The decaying 45-year-old oil tanker, long used as a floating storage platform and now abandoned off the rebel-held Yemeni port of Hodeida, is in "imminent" danger of breaking up, the UN warned on Monday. But the promised $33 million (31.3 million euros) at Wednesday's conference, put together by the United Na ... read more
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |