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Oil and gas rights offshore are owned by either the state or federal government and leased to oil companies for development. The tidelands controversy involve the limits of state ownership. Although oil and gas laws vary by state, the laws regarding ownership prior to, at, and after extraction are nearly universal.
The United States offshore drilling debate is an ongoing debate in the United States about whether, the extent to which, in which areas, and under what conditions, further offshore drilling should be allowed in U.S.-administered waters. Oil drilling platform about two miles (3 km) off the coast of California, near Santa Barbara.
In 2018, New Jersey enacted a law to ban oil and gas drilling in state waters and prohibit any constructions of oil and gas drilling infrastructure and facilities including pipelines and docks in New Jersey and its waters. This is an effort to cut off infrastructure to make it harder to drill in federal waters. [29]
The Interior Department's rule raises royalty rates for oil drilling by more than one-third, to 16.67%, in accordance with the sweeping 2022 climate law approved by Congress. The previous rate of ...
Republicans say restrictions on oil leasing imposed by the Biden administration hamper U.S. energy production and harm the economy, while Democrats tout a sweeping climate law approved last year ...
A rule proposed by the Interior Department raises royalty rates for oil drilling by more than one-third, to 16.67%, in accordance with the sweeping climate law approved by Congress last year. The ...
Deepwater production from the Gulf of Mexico will continue subject to close oversight and safety requirements, but deepwater drilling operations must safely come to a halt. With the BP oil spill still growing in the Gulf, and investigations and reviews still underway, a six month pause in drilling is needed, appropriate, and prudent. [6]
The industry’s fears were apparently unfounded. The high number of drilling permits issued under Biden concerns government watchdogs who complain that fossil fuel extraction on public land ...