The proposal – a compromise that will please oil companies and domestic drilling advocates but anger some residents of affected states and many environmental organizations – 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.
Offshore New Jersey — for now — is still in the protected area but drilling may be quite close south of us. One can presume this action means the oil industry will get New Jersey as soon as they want it.
Obama Administration officials seem to think this will help get support from Republicans for a climate bill. The bill seems to consist almost entirely of Republican initiatives with a removal of the EPA’s ability to regulate carbon, so perhaps they are right. The Times also notes “the sheer breadth of the offshore drilling decision will take some of his supporters aback” which is certainly true. I wonder why our Democrats would vote for this bill, I guess they’ll explain sometime.
We can now presume that Obama is moving forward with plans to privatize Social Security and enact the rest of the Republican agenda. I’m kidding, but only a little.
In any case, the Virigina offshore drilling should come soon and the rest is many years away, if it ever happens.