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Liam Denning

Will Oil Majors Really Sink Money Into America's Waters?

The Trump administration's offshore drilling proposal is at least partly a mirage.
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Photographer: Bloomberg/Bloomberg via Getty Images

Energy dominance begins at home, and that includes any beachfront property you might have.

The Interior Department unveiled on Thursday a draft proposal for leasing areas of the U.S. outer continental shelf for oil and gas drilling between 2019 and 2024. As five-year plans go, it's an ambitious one, envisaging leasing on fully 25 out of 26 planning areas -- from sea to shining sea, as it were: