Trump Has a Plan to Preserve Benefits for Oil Drillers in Future
- Top Interior official describes approach to industry leaders
- Offshore oil leases endure if next president alters course
Photographer: Brittany Sowacke/Bloomberg
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A top Interior Department official told oil industry leaders the Trump administration is seeking to sign contracts leasing new coastal waters for oil drilling under favorable terms that will be difficult for future presidents to revoke or rewrite.
Joe Balash, the assistant secretary for land and minerals management, outlined that approach to oil industry leaders attending an International Association of Geophysical Contractors conference in Houston last month, according to audio obtained by Bloomberg News.