Obama to Propose Opening Offshore Drilling


The Obama administration will announce today that it will propose opening vast expanses of water along the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska to oil and natural gas drilling.

The proposal would end a longstanding moratorium on oil exploration along the East Coast from the northern tip of Delaware to the central coast of Florida, covering 167 million acres of ocean.

Under the plan, the coastline from New Jersey northward would remain closed to all oil and gas activity. So would the Pacific Coast, from Mexico to the Canadian border.

The environmentally sensitive Bristol Bay in southwestern Alaska would be protected and no drilling would be allowed under the plan, officials said. But large tracts in the Chukchi Sea and Beaufort Sea in the Arctic Ocean north of Alaska—nearly 130 million acres—would be eligible for exploration and drilling after extensive studies.

CFB applauds President Obama’s decision to increase offshore drilling. CFB supports energy policy that expedites the development of energy resources anywhere in the U.S., including the Arctic National Wildlife Reserve, Outer Continental Shelf and Bakken oil fields.

(Image: arbyreed)
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