On September 8th, Trump announced that he would sign an order extending the moratorium on offshore drilling on Florida’s Gulf Coast. He also announced that he will expand the moratorium to Florida’s Atlantic Coast, as well as the coasts of Georgia and South Carolina. According to Politico, the move “is expected to be done by Presidential Memorandum,” and comes despite aggressive lobbying by the oil industry to “open the eastern Gulf of Mexico for oil and gas drilling when the current moratorium on exploration there ends in June 2022.”
A video of Trump’s announcement can be found here, at 8:30.
Economics Department