Obama to Open Some Areas for Offshore Drilling – Updated with Video

Hmmmm, what to make of this?

The New York Times: The Obama administration is proposing to open vast expanses of water along the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska to oil and natural gas drilling, much of it for the first time, officials said Tuesday.

The proposal — a compromise that will please oil companies and domestic drilling advocates but anger some residents of affected states and many environmental organizations — would end a longstanding moratorium on oil exploration along the East Coast from the northern tip of Delaware to the central coast of Florida, covering 167 million acres of ocean.

Under the plan, the coastline from New Jersey northward would remain closed to all oil and gas activity. So would the Pacific Coast, from Mexico to the Canadian border.

I’m thinking he’ll allow the oil companies to do the heavy lifting before he swoops in and nationalizes the industry. That, and he’s trying to get moderates to go along with cap and tax.

Update: I should also have pointed out that any drilling that may occur won’t happen for years. So this move is largely symbolic.

Here’s Obama in 2008 talking about offshore drilling.

Via the Washington Times, Rep. Mike Pence released the following statement:

“This Administration’s energy plan is simple: increase the cost of energy on every family in America and trade American jobs overseas at a time when millions of Americans are looking for work.”

“As usual the devil is in the details. Only in Washington, D.C., can you ban more areas to oil and gas exploration than you open up, delay the date of your new leases and claim you’re going to increase production.”

“The President’s announcement today is a smokescreen. It will almost certainly delay any new offshore exploration until at least 2012 and include only a fraction of the offshore resources that the previous Administration included in its plan.

“Unfortunately, this is yet another feeble attempt to gain votes for the President’s national energy tax bill that is languishing in the Senate. At the end of the day this Administration’s energy plan is simple: increase the cost of energy on every family in America and trade American jobs oversees at a time when millions of Americans are looking for work.”

Moral of the story: Don’t believe anything this man says. He lies!

Da TechGuy linked – Thanks!

Via memeorandum