Trump Orders US Waters Open to Oil Drilling, Reversing Biden

Action seen delivering on his vow to unleash American energy
Biden had blocked new offshore oil leases in 625 million acres

WATCH: Oil swung as Trump threatened tariffs on Canada and announced plans to boost domestic energy output. Bloomberg’s Stephen Stapczynski reports.Source: Bloomberg

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By Jennifer A Dlouhy

January 21, 2025 at 12:38 AM UTC

Updated on

January 21, 2025 at 4:10 AM UTC

This article is for subscribers only.

US President Donald Trump revoked offshore oil and gas leasing bans that effectively blocked drilling in most US coastal waters as he made sweeping moves his first hours in office to unleash American energy development.

Trump’s move came as part of a broad assault on executive orders issued by former President Joe Biden, including revoking his recent decision to bar drilling rigs in some 625 million acres of coastal waters.