Wednesday, March 31, 2010

Obama To Open Up Drilling Off Coast

From The Huffington Post:
In a reversal of a long-standing ban on most offshore drilling, President Barack Obama plans to allow oil drilling 50 miles off of Virginia and is considering opening up significant additional stretches along the Atlantic and Alaskan coasts.

Obama's plan will cover a lot of ground -- and water -- offering few concessions to environmentalists, who have been strident in their opposition to more oil platforms off the nation's shores. Hinted at for months, the move would modify a ban that has limited coastal drilling outside the Gulf of Mexico for more than 20 years.
I know in my state of Florida, this had been a hotly contested subject, and with gas prices soaring a couple years ago, many jumped off the conservation and environmental train and boarded the Palin express, calling for drilling of oil off the coast. Obama had argued against drilling during his 2008 campaign.

While I can foresee this change to be fuel for the right, even though it would be for something they support, I don't necessarily believe it to be a bad thing. My problem during the 2008 campaign was that the argument from the right seemed to play off the fears of high gas prices at the expense of the environment. Their solution didn't really offer any relief, and to my understanding of the issue, relief would not be immediate. I thought that offshore drilling, in combination with other methods of energy production, could be included in a comprehensive plan to decrease foreign oil dependence, and can help ween America off foreign oil, stabilizing prices long enough for alternative fuels to be developed.


  1. Well Oabama did announce the awarding of a loan guarantee of $8.3 billion for the construction of two new Vogtle plants in Georgia (Southern is the company). This was earlier in March (3/18/2010).

    In addition Obama is including an additional $36 billion in loan guarantees for nuclear in his 2011 budget. Whether it's still there next year remains to be seen but for now it does show a willingness to use alternative energy sources.

    While I think Nuclear is the best solution, I am in support offshore drilling, solar/wind farms, and other diverse energy sources.

    Like your stock portfolio you need a good diversity of energy sources. Nuclear needs to be part of that, especially since it provides the baseline for US energy production, but other sources are needed as well.

  2. Republicans are already coming out calling this move a "smokescreen" or that Obama is not taking a big enough step, being that this administration's move to open up drilling isn't as inclusive as the previous administration's. This is another example of Republicans lack of understanding of the word "bipartisan."

    Democrats want one thing and Republicans want another. The solution: Obama administration to open up some areas to drilling, not all.

    Republicans claim that Obama is ignoring the desires of the people - mainly conservative people...


Please share your thoughts and experiences in relation to this post. Remember to be respectful in your posting. Comments that that are deemed inappropriate will be deleted.