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President Biden’s recent efforts to curb offshore drilling through stringent Bureau of Ocean Energy Management (BOEM) bonding requirements have stirred controversy. While the stated intent is to safeguard taxpayer interests, the $7 billion mandate will devastate small and mid-sized producers in the Gulf of Mexico’s Outer Continental Shelf. Josh Sherman remarks, “The purpose of the rule is to protect the major and large independent offshore oil and gas companies (not the U.S. taxpayer).” Read the Forbes article here: https://bit.ly/3KQsxoI Check out the full cost-benefit analysis by Josh Sherman, Steve Hendrickson, and Darren Busch on our website. https://bit.ly/3VpJriM #ClimatePolicy #Energy #EconomicImpact

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