Governor Ron De Santis, Florida Republicans Oppose Trump's Offshore Drilling Plan For The State: 'Highly Concerning' - SPDR Select Sector Fund - Energy Select Sector (ARCA:XLE), State Street SPDR S&P

Core Points - Florida Republicans, including Governor Ron DeSantis, have criticized President Trump's offshore drilling plan for the Gulf of America, expressing concerns over its impact on the state's natural beauty and tourism [2][3][4] Group 1: Offshore Drilling Plan - The Trump administration's updated offshore drilling proposal for the Gulf of Mexico, now referred to as the "Gulf of America," has raised objections from Florida Republicans due to potential environmental impacts [2] - Florida's Governor DeSantis has urged the Department of the Interior to revert to the 2020 policy that blocked drilling off Florida's coasts [3] - Senator Ashley Moody emphasized the need to preserve Florida's natural beauty for residents and tourism-dependent businesses [3] Group 2: Political Reactions - Senator Rick Scott expressed his preference for the previous drilling policy, highlighting the economic and environmental importance of Florida's beaches and coastal waters [4] - The proposal has created a rare point of tension between Florida Republicans and Trump, who has previously imposed a ban on offshore drilling near Florida's coast [6] Group 3: Market Context - U.S. crude oil prices fell by 5.33% over the month, trading at $58.21 per barrel [7] - The Energy Select Sector SPDR Fund (NYSE:XLE) is up 3.18% year-to-date, while the SPDR S&P Oil & Gas Exploration & Production ETF (NYSE:XOP) is down 3.77% during the same period [7]