Posted on 06/26/2012 2:24:55 PM PDT by Oldeconomybuyer
The Obama administration will go ahead with more drilling in Arctic waters, though at a pace that allows for more research before additional permits are granted.
The administration will hold new lease sales for oil companies to drill in the Chukchi and Beaufort Seas just north of Alaska, Interior Secretary Ken Salazar said Tuesday in a conference call with reporters.
But the new leases won't be issued until 2016, allowing more time so that nations bordering the Arctic can identify the region's resources and figure out which areas need to be protected.
(Excerpt) Read more at money.cnn.com ...
LOL! HILARIOUS!
Is anyone buying this crap?
Bingo - more “Free Beer Tomorrow”
Deciphering the LSM/Obamaspeak - no change in policy, no new permits available.
Permits will issued, so that BO can tell the public that he supports drilling.
Drilling will not be allowed, so that BO can assure his greenie base that he opposes drilling.
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