Obama’s Offshore Drilling Plan; the Other Side of the Story

The U.S. Chamber of Commerce made a list of all of the energy projects canceled or delayed by the federal government through 2009.  Americans have been calling for energy independence and a reduction in importation of foreign oil and natural gas.

Earlier this month we heard the White House announcement about the President’s new plan for offshore drilling.  The plan proposes to open offshore drilling along the Southern Atlantic coast, a small part of the eastern Gulf of Mexico, and a portion of the coast of Alaska.  The American Energy Freedom Center took a closer look at those plans and discovered:

:: No new lands were opened for drilling.  All of the areas were opened when President Bush lifted the ban in 2008 and Congress followed with legislation passed in October 2008.

:: The new plan blocks 360 million acres from energy production…that’s 60 percent of the Outer Continental Shelf in the Lower 48 States.

 :: The new plan blocks 13.14 billion barrels of oil and 41.49 trillion cubic feet of natural gas.  The whole Pacific coast is off limits-another estimated 10.5 billion barrels of oil and approximately 18 trillion cubic feet of natural gas.

 :: The new plan cancels five Alaskan lease sales that were ready to go and delays 2 lease sales-Virginia and Cook Inlet for at least one year.

 :: The whole Pacific coast is off limits-blocking an estimated 10.5 billion barrels of oil, and 18 trillion cubic feet of natural gas.  AEFC Chairman George Allen published an oped on the President’s plan for offshore drilling.  See it here.

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