In his weekly address, President Obama lays out his strategy to continue to expand responsible and safe domestic oil production, leveraging existing authorities as part of his long-term plan to reduce our reliance on foreign oil.
President Obama is directing the Department of the Interior to conduct annual lease sales in Alaska‘s National Petroleum Reserve — while respecting sensitive areas, to speed up the evaluation of oil and gas resources in the mid and south Atlantic, and to create new incentives for industry to develop their unused leases both on and offshore. Also, to give companies more time to meet higher safety standard for exploration and drilling, the administration is extending drilling leases in areas of the Gulf of Mexico that were impacted by the temporary moratorium, as well as certain leases off the coast of Alaska. And, he is establishing a new interagency working group to ensure that Arctic development projects meet health, safety and environmental standards.
The past few months, rising gas prices have put an added strain on American families. While there are no quick fixes to the problem, these are steps, along with eliminating taxpayer subsidies for oil companies and rooting out fraud and manipulation in the markets, that are worth taking.
- Obama Pressed: Opens Up Drilling in Alaska (thewesternexperience.com)
- Obama Opens Part of National Petroleum Reserve In Alaska to Leases for Drilling (news.firedoglake.com)
- Obama says ‘Drill, baby, drill.’ Will new oil policy ease gas prices? – Christian Science Monitor (news.google.com)
- Obama to announce steps to speed oil drilling (cnn.com)
- Obama OKs More Drilling in Alaska, Offshore (newser.com)
- Obama announces steps to speed US oil production (sfgate.com)
- Obama announces steps to speed US oil production (boston.com)
- Obama Opens Alaska Oil Preserve And Maybe The Atlantic Coast To Drilling (alan.com)
- Obama announces steps to speed U.S. oil production (salon.com)
- Obama Promotes Alaska Drilling (thepage.time.com)