Posted on 01/27/2015 3:18:55 PM PST by Libloather
President Obama will open parts of the Atlantic and Arctic oceans to new oil and gas drilling under a plan unveiled Tuesday.
The Interior Department's five-year lease plan would allow drilling in three areas off the coast of Alaska and one in a portion of the Atlantic for the first time in nearly four decades.
The dramatic shift in policy comes as gas prices are at new lows and as Obama has sought to burnish his legacy as a president who has worked to stop climate change.
The plan angered green groups who have supported Obama's decision to restrict other areas from drilling, and raises questions about whether the administration will eventually approve the Keystone XL pipeline.
Something is definitely wrong, if Hussein is pro-drilling. They must know that an economic collapse, a bad one, is imminent.
Oh, there is. My sis-in-law, a petroleum engineer, says there are BILLIONS of barrels off North Carolina's coast alone. The company she worked for back when she told me that was wanting some of that action.
“my guess is the oil leases are near Cuba.”
From the article:
“A focus of the plan is development in the Gulf of Mexico, where 10 lease sales are proposed. The plan includes a new approach to hold two annual sales in the western, central, and a portion of the eastern Gulf.”
“In the Atlantic, the proposal will open the door to oil and gas development along the Virginia, North and South Carolina, and Georgia coasts.”
That was my guess as well.
I'll counter with this: There's probably oil at the bottom of every ocean. That's where it comes from.
Allrighty.
So, reading this we learn:
1. 2021 is the earliest they expect a lease sale to happen.
Not exploration and drilling, only a lease, if that happens at all.
2. Only one sale each will be allowed in the Chukchi Sea, Beaufort Sea and Cook Inlet areas of Alaska.
Will there be any wells proposed or even drilled?
3. “This is a balanced proposal that would make available nearly 80 percent of the undiscovered technically recoverable resources...”
Define “technically”?
That reads “Not feasable or probable”
4. Did I mention this is a 5 year plan and they say, emphatically, “Not Final”?
5. A 50-mile coastal buffer zone would be required for lease sales in the Atlantic.
That’s only possible with “Deep Water Drilling”, which they have been adamantly against, from day one.
6. Accretive opportunity? Not this century.
7. Will definitely help supply our nation with domestic drilling? Shea right! And monkeys will fly outta my butt.
Now the problem is how to take ownership of this great idea that's working.
By opening up the previously closed Atlantic and Arctic oceans. Now it will be Obama's brilliant move that saved the nation.
He tried the same deal with the Afghanistan surge, after he saw how well the Iraq surge worked out. He sabotaged Iraq and surged in Afghanistan. Unfortunately for him that one blew up in his face.
He waits until year six of his admin when oil prices have dropped steeply to do this?
Ding ding!
Is five years enough time?
Sounds short to me.
Wee Wille Obama- Drill for it where it ain’t.
this is an Obama head fake. The faceless bureaucrats in O’s administration will stall any permits to drill in any areas opened until the oil companies give up on plans to drill.
Permits to drill have been pending for 6+ years off Alaska’s north coast and Obummer just announced that he is making most federal land in Alaska off limits by declaring it pristine wilderness. The announcement negates a 1980 law that said only parts of the Alaska lands could be designated as wilderness closed to development.
The other reason this announcement cannot be trusted - he just shut down ANWR on the north coast of Alaska, though we know there is oil there.
And “opening it” in the Atlantic doesn’t preclude mandating decades of environmental impact studies that make it an unfair trade.
He opens up the Atlantic, then closes off a large part of Alaska????? WTF?
I agree, I smell a rat.
If our republican “leaders” had any spines, they’d be trying to keep all our US production going 100% while STOPPING importation of anything from Venezuela and Saudis...anyone disagree? Or, do these folks hold some of our debt like so many other countries we are slaves to???
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