Biden administration 5-year off shore oil plan does not include any lease sales for 2024

Info via Reuters:

  • Biden administration 5-year off shore oil plan to be released on Friday does not include any sales for 2024
  • U.S. 5 year oil lease plan will include the lowest lease sales in history
  • 5yr offshore oil plan will have no more than 1 auction in each of the final four years

No relief for tighter supply coming from this then.

oil pumpjack with chart

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