Trump, reversing Obama, will push to expand drilling in the Arctic and Atlantic
Source: The Washington Post
By Juliet Eilperin and Brady Dennis April 27 at 9:01 PM
President Trump will take a major step Friday to expand oil and gas drilling off U.S. shores, directing the Interior Department to lift restrictions that President Barack Obama imposed in the Arctic and Atlantic oceans. But local political considerations and the global energy market are likely to influence future exploration far more than an executive order in Washington.
Several industry officials and experts predict that oil and gas firms will bid on areas the administration plans to open to drilling, including those off the East Coast. But the targeted Arctic areas are much less attractive to investors right now, and even potential drilling in the Atlantic could be complicated by long-standing resistance from coastal communities.
Jason Bordoff, director of the Center on Global Energy Policy at Columbia University and a former Obama energy and environment adviser, said that while the Trump administration can rescind the former presidents efforts to end exploration in the two regions, that process would be complex and involve at least two years of revamping the governments long-term drilling plans.
The question then is, does anybody show up, and does anybody want these [leases]? Bordoff said. It depends quite a bit on what the oil market looks like in two years.
Read more: https://www.washingtonpost.com/politics/trump-reversing-obama-will-push-to-expand-drilling-in-the-arctic-and-atlantic/2017/04/27/757fa06c-2aae-11e7-b605-33413c691853_story.html?utm_term=.4aad3de19115&wpisrc=nl_politics&wpmm=1
Zoonart
(11,879 posts)Calling Vlad and Rex...calling Vlad and Rex...
underpants
(182,884 posts)I was just about to post that
Step 1 open it up
Step 2 relent in the fight over area ownership
dalton99a
(81,598 posts)and put more money in Big Oil's pockets.
IronLionZion
(45,534 posts)Reagan and W had inflicted very serious damage that resulted in consequences for many years after their presidencies but Trump really takes it to another level.
bucolic_frolic
(43,305 posts)Is he investing in technology? Growth industries?
All we're going to get from this dunce is inflation, he is a 100% IDIOT!
tanyev
(42,620 posts)greymattermom
(5,754 posts)Within 20 miles of the shore at Palm Beach.
TreasonousBastard
(43,049 posts)opens the Atlantic to drilling. And there's no oil here anyway-- every attempt in the past has been dry holes. There may be some gas, but no one wants to spend the money to get it.
Even our teabagging Republican rep knows to shut up about things like that. He's even jumped on the clean waters bandwagon.
If he does, the first fucking well should be right off Mar-A-Jerkoff.