Inside Climate News: “Trump’s Plans to Expand Offshore Drilling Meet Bipartisan Opposition”
RFF Fellow Brian Prest comments on the demand for federal offshore oil and gas leases.
“Brian Prest, an economist and fellow at the energy and environment research nonprofit Resources for the Future, said in an email to Inside Climate News that development of these leases could be fraught.
‘It’s not clear to what degree there will be industry interest in these leases, but even if some lease sales do end up getting bought, I wouldn’t be surprised if ten years from now there’s no new development to show for it,’ Prest wrote. ‘But who knows!’”
