Wednesday, January 28, 2015

Obama’s Plan: Allow Drilling in Atlantic, but Limit It in Arctic

WASHINGTON — The Obama administration moved Tuesday to open up a vast stretch of East Coast waters to oil and gas drilling, a decision that could have a profound impact on the economic and environmental future of states from Virginia to Georgia. The move also adds a new dimension to the legacy of President Obama.
 
In an announcement that outraged environmentalists and brought grudging cheers from the oil and gas industry, the Interior Department unveiled the latest part of its five-year plan for the government to sell leases for oil and gas development in federal waters from 2017 to 2022.
 
The plan would open up one lease sale area off the southeast stretch of the Atlantic Seaboard, an area the oil industry has long hungered to exploit. It would also open new portions of the Gulf of Mexico, which is already open to drilling. And in a move that appeased environmentalists but angered Alaskan Republicans, it will ban drilling in portions of the Arctic Ocean’s Beaufort and Chukchi Seas.
 
More:  http://www.nytimes.com/2015/01/28/us/obama-plan-calls-for-oil-and-gas-drilling-in-the-atlantic.html
 
 

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