Trump’s Offshore Oil Plan Will Struggle to Lure Rigs From Guyana

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The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude.

The Trump administration is hoping to lure some of that investment to the U.S. with a proposal to sell leases in almost every inch of the nation’s outer continental shelf — including territory hugging the U.S. East Coast that share characteristics with Guyana, a tiny South American country.

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