PrintJuly 19, 2012
Obama Continues to Despise American Energy
The recent Supreme Court decision on ObamaCare gave sufficient cover to the administration to release a five-year plan for offshore drilling which will continue to depress the economy and eliminate energy independence in this country.
This new plan "resinstitutes a 30-year moratorium on offshore energy exploration" in the United States. Thus, the 44th president has now denied "access to nearly 98% of America's vast energy potential on the Outer Continental Shelf (OCS)."
Thomas J. Pyle, president of the Institute for Energy Research explains that the "Outer Continental Shelf Lands Act or OCSLA of 1953 provided the interior secretary with the authority to administer mineral exploration and development off our nation's coastlines." In effect, this Act allows the interior secretary to "provide oil and gas leases to the highest-qualified bidder while establishing guidelines for implementing an oil and gas exploration-and-development program for the Outer Continental Shelf."
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