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Axios

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Trump offshore plan tests oil execs' risk tolerance — and 2028 fault lines

Donald Trump Gavin Newsom Oil California

Data: EIA; Chart: Axios Visuals

If you lease it, will they come? Oil companies could soon(ish) start answering that question under President Trump's new plan for offshore drilling lease auctions.

Why it matters: The Interior Department proposal envisions vast expansion in federal waters beyond the Gulf of America (renamed from Gulf of Mexico), where almost all action occurs today.

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One subscription that gives you access to news from hundreds of sites

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