Jason Barton

Professional Information and Energy News

President Obama’s energy strategy

with one comment

Friday, April 2, 2010

President Obama’s plan to expand coastal drilling could upend a decades-old standoff on the topic – and even lead to a wholly new energy outlook. It’s a nervy strategy that’s unsettled nearly everyone with a seat at the bargaining table.

His hopscotch exploration map safeguards stretches of the nation’s coastline including California while allowing oil rigs into other blue-water spots. By itself, it’s a compromise that annoys all sides and pleases no one.

But Obama is looking ahead from this hot-button issue to a bigger one. He wants to trade more drilling rigs for votes from wavering senators on looming energy and climate change legislation. From Florida to Alaska, the drilling maps try to please the nearest senator.

[…]

Both critics and supporters of his drilling plan have underlined the central irony. In order to garner more support for green energy, reduced dependence on fossil fuels and greenhouse gas reductions, the president will allow more drilling. He’s playing a short-term game for a long-term goal.

[…]

The best-guess predictions are that the expanded areas won’t make a major difference in oil supply. This country uses 20 percent of the world’s supply but has only two percent of the resources. Over half the oil this country uses is imported. The U.S. can’t drill enough to get anywhere close to energy self-sufficiency, Obama said.

Read the entire article here.

Written by Jason

April 3rd, 2010 at 10:06 am