Wednesday, March 31, 2010

Obama clears way for oil drilling off US coasts

clipped from news.yahoo.com

WASHINGTON – Reversing a ban on oil drilling off most U.S. shores, President Barack Obama on Wednesday announced an expansive new policy that could put oil and natural gas platforms in waters along the southern Atlantic coastline, the eastern Gulf of Mexico and part of Alaska.

Speaking at Andrews air base outside Washington, Obama said, "This is not a decision that I've made lightly." He addressed the expected outcry from disappointed environmentalists by saying he had studied the issue for more than a year and concluded it was the right call given the nation's voracious thirst for energy and the need to produce jobs and keep American businesses competitive.




The Decision to Drill
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 – The Decision to Drill


Obama made no secret of the fact that one factor in his decision was securing Republican support for a sweeping climate change bill that has languished in Congress. But Obama has long stated his support in favor of the "tough decision" to expand offshore drilling

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