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Interior Secretary Ryan Zinke. Photo: Andrew Harnik / AP

Secretary of the Interior Ryan Zinke has announced a proposal for the largest oil and gas lease sale in U.S. history, totaling 76.9 million acres on the Gulf of Mexico.

  • Why it matters, per Axios' Amy Harder: Offering lease sales of federal waters and lands is one of the easiest and simplest ways the Trump administration can show it's supportive of the oil and gas industry.
  • But, but, but: Persistently low oil prices make new, expensive offshore drilling projects a lot less attractive to the industry than if prices were high. This is more rhetoric than substantive change. Also, the Obama administration actually initially planned this sale a few years ago.

Planned for March 2018, the proposed Lease Sale 250 includes regulations to protect species in the area, biologically sensitive resources, and to avoid any other potential consequences of oil and gas development, per the department's press release. The terms are not yet final.

Sen. Lisa Murkowski, Chairwoman of the Senate Committee on Energy and Natural Resources, said: "In order to strengthen America's energy dominance, we must anticipate and plan for our needs for decades to come...the administration's decision to move forward with the largest offshore lease sale in our nation's history is a key part of that effort."

Go deeper

35 mins ago - Health

Pfizer coronavirus vaccine safe, effective in children, company says

Photo by Mario Tama/Getty Images

Pfizer and BioNTech's coronavirus vaccine is safe and effective in children ages 5 to 11, albeit at a lower dose than adults receive, the companies said in a press release announcing results from a pediatric trial.

Why it matters: The trial results are a much-needed source of hope for families with elementary school-aged children, who currently aren't eligible for a vaccine.

The pandemic made our workweeks longer

Illustration: Annelise Capossela/Axios

The average American's workweek has gotten 10% longer during the pandemic, according to a new Microsoft study published in Nature Human Behaviour.

Why it matters: These longer hours are a key part of the pandemic-induced crisis of burnout at U.S. firms — and workers are quitting in droves.

Mike Allen, author of AM
1 hour ago - Economy & Business

Airbnb CEO Brian Chesky to herald "travel revolution"

Expand chart
Data: TSA. Chart: Jared Whalen/Axios

Airbnb CEO Brian Chesky will argue this week that the world is undergoing a "travel revolution," in which some parts of the industry stay shrunk but the sector ultimately comes back "bigger than ever."

Why it matters: Chesky, who faced the abyss when the world shut down last year, foresees a significant shift in how people move around, with more intentional gatherings of family, friends and colleagues — even if routine business travel is never what it once was.