In a major policy reversal, the Obama administration yesterday announced that it would not include potentially energy-rich areas of the eastern Gulf of Mexico, the Atlantic, and the Pacific in the government's next five-year offshore leasing plan. Further, the administration also officially delayed the next two lease sales for the central and western Gulf.
In March, President Obama said the administration would examine and consider leasing offshore areas along the Atlantic coast from Delaware to Florida, as well as areas in the eastern Gulf and in Alaska's Beaufort and Chukchi seas.
API's President and CEO Jack Gerard said the policy shift "shuts the door on new development off our nation's coasts and effectively ensures that new American jobs will not be realized."
Had the lease sales gon... more »














© Copyright 2012 API. All Rights Reserved. To learn more about API,
Comments