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Wednesday, March 28, 2012

Slow-Rolling the Oil and Gas Industry -- 5-Year Moratorium -- Explore But Don't Drill; Smoke But Don't Inhale

President Obama has learned a lot from President Clinton.

Link here to Yahoo News.
The Obama administration today endorsed new oil and gas exploration along the Atlantic Coast, setting the stage for possible future drilling lease sales.

The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur.

It also comes as President Obama faces mounting pressure over high gas prices and criticism from Republicans that he has opposed more drilling for oil.
 
"Making decisions based on sound science, public input and the best information available is a critical component to this administration's all-of-the-above energy strategy," said Interior Secretary Ken Salazar.
At least a five-year environmental survey to determine w/w oil production MIGHT occur.

A five-year study: a permitorium or a moratorium? Fair and balanced. You decide.
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2 comments:

  1. drjMarch 28, 2012 at 4:23 PM

    after they spend billions finding the best prospects our energy sect Chu will then only lease the worst prospects and our pres. will say we lease but they will not drill ,it is not our fault

    ReplyDelete
  2. Bruce OksolMarch 28, 2012 at 4:32 PM

    Yes, the goal is to financially break the oil and gas industry (just as they've done with coal industry) to give wind and solar a chance.

    ReplyDelete

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