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U.S. Unveils 30-Year Offshore Oil Lease Plan

8/21/2025

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Story summary
  • The Department of the Interior revealed a long-term offshore oil and gas lease schedule for the Gulf of America and Alaska’s Cook Inlet.
  • The plan features at least 30 lease sales, beginning with "Big Beautiful Gulf 1" on December 10, 2025.
  • This initiative seeks to improve U.S. energy independence, generate jobs, and bolster local economies.