Showing posts with label Pres OK's Oil Drilling off US Coasts. Show all posts
Showing posts with label Pres OK's Oil Drilling off US Coasts. Show all posts

Wednesday, March 31, 2010

President OK's Oil Drilling off
U.S. Coasts

Reversing a ban on oil drilling off most U.S. shores, President Barack Obama on Wednesday announced an expansive new policy that could put new oil and natural gas platforms in waters along the southern Atlantic coastline, the eastern Gulf of Mexico and part of Alaska.

Speaking at Andrews air base outside Washington, Mr. Obama said, "This is not a decision that I've made lightly." He addressed the expected outcry from disappointed environmentalists by saying he had studied the issue for more than a year and concluded it was the right call given the nation's voracious thirst for energy and the need to produce jobs and keep American businesses competitive.

"We're announcing the expansion of offshore oil and gas exploration but in ways that balance the need to harness domestic energy resources and the need to protect America's natural resources," Mr. Obama said, standing in front of a Navy F-18 fighter scheduled to fly on Earth Day with a half-biomass fuel mix.

The president said his decision is part of a broader strategy that also includes expanding the production of nuclear power and clean energy sources, to "move us from an economy that runs on fossil fuels and foreign oil to one that relies more on homegrown fuels and clean energy."

"The only way this transition will succeed is if it strengthens our economy in the short term and the long run," the president said. "To fail to recognize this reality would be a mistake."

Mr. Obama made no secret of the fact that one factor in his decision was attracting Republican support for a sweeping climate change bill that has languished in Congress. "Drill, baby, drill" was a mantra of the GOP during the 2008 presidential campaign.

"While our politics has remained entrenched along worn divides, the ground has shifted beneath our feet," the president said. "Around the world, countries are seeking an edge in the global marketplace by investing in new ways of producing and saving energy."

But Mr. Obama also has long been up front about his support for expanding offshore drilling — as well as other energy sources less popular with die-hard environmentalists. In his State of the Union speech, he said he wanted the United States to build a new generation of nuclear power plans, invest in new coal technologies and make "tough decisions about opening new offshore areas for oil and gas development." (Read rest of article)