July 14, 2012
The Republicans and Mitt Romney have relentlessly accused President Obama of not moving swiftly enough to tap the nations’ considerable offshore reserves of oil and natural gas.
It is a tired complaint. Except for a necessary drilling ban in the Gulf of Mexico after the BP oil spill in 2010, Mr. Obama has always embraced offshore oil and gas exploration as an important component of a rounded energy strategy. What he has not embraced is the drill-now-drill-everywhere approach of President George W. Bush, now embodied in a House bill that would open the entire continental shelf and all of Alaska’s waters to drilling.
The Obama administration’s latest drilling plan, which covers the years 2012 to 2017, would allow 12 large lease sales in the Gulf of Mexico and three smaller, carefully selected lease sales in the Beaufort and Chukchi seas and the Cook Inlet in Alaska. There would be preliminary seismic testing, but no leasing, in the Atlantic. The approach is broadly similar to the leasing program announced in March 2010 and put on hold after the BP spill.
To read the entire article go to: http://www.nytimes.com/2012/07/15/opinion/sunday/drilling-strategies-sensible-and-fantastical.html?_r=1Share This Post