US To Stockpile Cobalt For First Time In Decades, Columbia Study Sees Risks
US Defense Dept seeking to buy cobalt for first time in decades to stabilize supply chains. Up to 7,500 tons worth $500M being sought from 3 companies.
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Partner, WilmerHale; Former Deputy Secretary, US Department of the Interior
Last fall the Department of the Interior (DOI) announced a region-wide lease sale scheduled for the spring of 2018 that would be “the largest oil and gas lease sale ever held in the United States,” offering about 77 million acres in federal waters in the Gulf of Mexico (GOM). Interior Secretary Ryan Zinke called the sale a bellwether for offshore development, trumpeting it as “part of our strategy to spur local and regional economic dynamism and job creation and a pillar of President Trump’s plan to make the United States energy dominant” in a press release that included statements from ten members of Congress and two Gulf state governors.
Tommy Beaudreau and Jason Bordoff explore what's next for offshore oil and gas leasing under the Trump Administration.