The US has conducted an oil auction in the Gulf of Mexico despite previous delays. The auction raised $382 million from oil giants before the Biden administration imposed a two-year hiatus for future sales. Senator Bill Cassidy praised the Biden administration for complying with the law and holding the long-awaited Lease Sale 261, emphasizing the importance of American energy and national security. The auction involved 1.7 million acres for Gulf drilling, marking the last offshore oil lease sale until 2025.
The Biden administration auctioned off 1.7 million acres for Gulf drilling in the last offshore oil lease sale until 2025 https://t.co/bzvEIMOSH1 https://t.co/lbOq8SzD9r
A US auction for drilling rights in the Gulf of Mexico raised $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales https://t.co/z3PBwYdFep
Great to see the Biden admin finally comply w/ the law & hold the long-awaited Lease Sale 261. The historic numbers of bids for the sale shows just how important today is for American energy. Energy security is national security.
US conducting gulf of Mexico oil auction despite previous delays https://t.co/gOclQcBufm https://t.co/VfyabN9sIM
US to hold Gulf of Mexico oil auction after string of delays https://t.co/0esWDc4LGX https://t.co/Q25QOoVXqH
US to hold Gulf of Mexico oil auction after string of delays - Reuters https://t.co/hZXDbwJnkV