The Obama administration is expected to announce by Wednesday its updated plan for oil and natural gas drilling in U.S. waters, including whether to allow exploration for the first time along the U.S. East Coast.
The plan could pave the way for a significant new domestic source of energy, helping to reduce U.S. dependence on oil imports and boost supplies of natural gas used to displace coal in power plants as the country works to reduce emissions of climate-changing greenhouse gases.
Last month, Interior Secretary Ken Salazar said he wanted to release the updated drilling plan by the end of March.
I’ve griped that the Europhiles amongst our élites have a blind spot for this, unlike the nations around the North Sea that oversaw this in the 1960’s and beyond. It’s interesting to see where the impetus for this came from:
But Obama, who wants Congress to move a stalled climate change bill, has sought to reach out to Republicans by signaling he is open to allowing offshore drilling, providing coastlines are protected.
This is an act of desperation. He got away with the health care bill without his opposition, but we’re back in the Senate with Scott Brown. I’m not convinced that the 60’s radicals who dominate his intelligensia are going to let this stand (they may try a bureaucratic/litigation slowdown after the fact) but this is an interesting step.