Hart Energy quoted Bracewell PRG senior principal Frank Maisano from his “Energy Update” newsletter that noted Biden is attempting to use the Outer Continental Shelf Lands Act, a law from the 1950s, to block future oil and gas drilling.
“Remember, President Trump has already prevented drilling in most of these areas until 2032, so this won’t do much, and portions that are questionable … like maybe slivers of the Eastern Gulf are likely to be the focus of quick Congressional action (as new Senate Energy Chairman Mike Lee has already mentioned),” Maisano wrote. “The Biden effort is not quite ‘epic’ or historic action.”
