Interesting question. As a factual matter, who owns the leases, and how long are they good for?
As a practical matter, what about the lost revenue?
You gotta love how clueless freeepers are on this subject. Louisiana gets less revenue from offshore oil drilling than any other state. Texas, (I believe) controls their oil drilling up to seventeen miles off the coast. Louisiana only controls three miles off its coast.
Further coastal restoration in Louisiana is a must and stopping off shore drilling is a good way to stop it.
Blank-o hasn't done anything right but I support this move. Let's see you idiots who don't want to help us heat your home next winter.
Y'all talk about how you don't want to give any of "your" tax money to Louisiana (like we don't pay taxes), well that's fine. We don't want to give you any more of our oil.
As I understand it, the Federal Government gets the royalties. Louisiana actually has a valid point, here. The feds have been selling oil and gas leases offshore and pocketing the money for years.