Obama’s Secretary of the Interior Ken Salazar has just announced plans to offer 38.6 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development. “The Obama Administration is fully committed to developing our domestic energy resources to create jobs, foster economic opportunities, and reduce America’s dependence on foreign oil,” Secretary Salazar said in a statement released by the White House. “Exploration and development of the Gulf of Mexico’s vital energy resources will continue to help power our nation and drive our economy.”
Comments: Isn´t it unfortunate that when you read this you can´t help but wonder what the catch is. They won´t approve the XL Pipeline and turn around and do this? I don´t get it.
How amny of these acres are psrt of the "emergency closure" overturned in court last year. As I remember it the Administration was told closing off exploration over large swathes of the gulf was not legal and he would have to re-open them. Obama just plain ignored the court on that one, is this just a pure spin cycle put on for show aweek or so before yet another court appearance on ignoring the first courts orders?
I´m gonna say Øbama intends for the EPA to be the Bad Guy in this. Øbama releases the 38 million acres - but all of a sudden the EPA will say "Wait a minute - what about the environmental impact studies?" or something along those lines.
Then all Øbama has to say is "Listen, I tried, but the EPA has to do its 200-year-long study..."
They have thoroughly investigated these areas and are quite confident that there is no oil or gas there, so they are willing to allow companies to spend money trying to develop oil and gas wells in these locations.
He wants the lease revenue. If the oil industry knows there is no oil present, the leases won´t sell. Even with a lease, you can´t produce oil without a permit. As the onshore numbers come in for late 2012, Texas is producing more than half a million more barrels a day than they were last year this time. Its amazing what can happen when leases are approved promptly.
#13, the key to that added drilling for Texas also translates into extra revenues to the state coffers which helps pay for teachers, police and firefighters.
This is THE key issue for GOP, IMO.
Link more production, with more jobs in fields like steel making, construction, transportation, refining, AND how all that oil revenues translates into NEW revenues that help pay for teachers, police and firefighters.
Democrats will be on the defensive trying to stop this, which is what they will do in the courts and via their allies Sierra Club.
Good. Let´s do this where it would be the most intrusive to population centers and industry. At least they are not going to disturb the frozen tundra in Alaska which is inhabited by a few eskimos and polar bears.
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