The Obama administration floated a plan Tuesday that for the first time would open up a broad swath of the Atlantic Coast to drilling, even as it moved to restrict drilling indefinitely in environmentally-sensitive areas off Alaska.
The proposal envisions auctioning areas located more than 50 miles off Virginia, North and South Carolina, and Georgia to oil companies no earlier than 2021, long after President Barack Obama leaves office. For decades, oil companies have been barred from drilling in the Atlantic Ocean, where a moratorium was in place up until 2008.
The plan also calls for leasing 10 areas in the Gulf of Mexico, long the epicenter of U.S. offshore oil production, and three off the Alaska coast.
More @ ABC 11
No earlier than 2021. In other words... Over my dead body. it is just Obama taking credit again for higher gas and oil production while he does everything possible to prevent it. He will use this change in policy to help him claim credit while never actually leasing a single parcel.
ReplyDeleteit is just Obama taking credit again for higher gas and oil production while he does everything possible to prevent it. He will use this change in policy to help him claim credit while never actually leasing a single parcel.
DeleteMay well be.