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The Obama administration proposed opening to offshore drilling an area from Virginia to Georgia in a policy shift long sought by energy companies but opposed by environmentalists concerned about popular resorts such as the Outer Banks and Myrtle Beach.
The proposed offshore plan for 2017 to 2022, marks the second time President Barack Obama has recommended unlocking areas in the U.S. Atlantic for oil drilling, and faced criticism from allies who say the risks of a spill along the populated coast don’t justify the payoff.
Wonder why he hasn't used an executive order to accomplish this or is it grand standing?
Because it's a change in policy from the Dept. of the Interior. Permitting for drilling in federal land/ocean is already the purview of the Executive office.
He is proposing it now since he knows with the drop in crude, no oil company will commit to the expense.
Obama loses nothing.
By the time the rigs were built oil could very likely be back where it was two years ago. Those things don't spring up overnight. At the very least surveying could commence.
By the time the rigs were built oil could very likely be back where it was two years ago. Those things don't spring up overnight. At the very least surveying could commence.
Do you actually think that he's intelligent enough to think that far ahead?
He is proposing it now since he knows with the drop in crude, no oil company will commit to the expense.
Actually he proposed this in 2010 as well, when oil was twice the price. I think everyone knows this dip in oil prices won't be permanent.
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