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DonViejo

(60,536 posts)
Fri Apr 28, 2017, 08:53 AM Apr 2017

Trump, reversing Obama, will push to expand drilling in the Arctic and Atlantic

Source: The Washington Post


By Juliet Eilperin and Brady Dennis April 27 at 9:01 PM

President Trump will take a major step Friday to expand oil and gas drilling off U.S. shores, directing the Interior Department to lift restrictions that President Barack Obama imposed in the Arctic and Atlantic oceans. But local political considerations and the global energy market are likely to influence future exploration far more than an executive order in Washington.

Several industry officials and experts predict that oil and gas firms will bid on areas the administration plans to open to drilling, including those off the East Coast. But the targeted Arctic areas are much less attractive to investors right now, and even potential drilling in the Atlantic could be complicated by long-standing resistance from coastal communities.

Jason Bordoff, director of the Center on Global Energy Policy at Columbia University and a former Obama energy and environment adviser, said that while the Trump administration can rescind the former president’s efforts to end exploration in the two regions, that process would be complex and involve at least two years of revamping the government’s long-term drilling plans.

“The question then is, does anybody show up, and does anybody want these [leases]?” Bordoff said. “It depends quite a bit on what the oil market looks like in two years.”

Read more: https://www.washingtonpost.com/politics/trump-reversing-obama-will-push-to-expand-drilling-in-the-arctic-and-atlantic/2017/04/27/757fa06c-2aae-11e7-b605-33413c691853_story.html?utm_term=.4aad3de19115&wpisrc=nl_politics&wpmm=1

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Trump, reversing Obama, will push to expand drilling in the Arctic and Atlantic (Original Post) DonViejo Apr 2017 OP
Shocker! Zoonart Apr 2017 #1
..and open it up for the Russians underpants Apr 2017 #3
Doing everything he can to ruin the planet dalton99a Apr 2017 #2
The world may never recover from this trumpster fire IronLionZion Apr 2017 #4
Awash in energy, he goes backwards to the 1950s bucolic_frolic Apr 2017 #5
What could possibly go wrong? tanyev Apr 2017 #6
I hope they put up a gigantic oil platform greymattermom Apr 2017 #7
"...resistance from coastal communities" Is he ever going to see a shitstorm if he... TreasonousBastard Apr 2017 #8

underpants

(182,883 posts)
3. ..and open it up for the Russians
Fri Apr 28, 2017, 08:57 AM
Apr 2017

I was just about to post that

Step 1 open it up
Step 2 relent in the fight over area ownership

IronLionZion

(45,534 posts)
4. The world may never recover from this trumpster fire
Fri Apr 28, 2017, 08:58 AM
Apr 2017

Reagan and W had inflicted very serious damage that resulted in consequences for many years after their presidencies but Trump really takes it to another level.

bucolic_frolic

(43,295 posts)
5. Awash in energy, he goes backwards to the 1950s
Fri Apr 28, 2017, 09:06 AM
Apr 2017

Is he investing in technology? Growth industries?

All we're going to get from this dunce is inflation, he is a 100% IDIOT!

TreasonousBastard

(43,049 posts)
8. "...resistance from coastal communities" Is he ever going to see a shitstorm if he...
Fri Apr 28, 2017, 09:28 AM
Apr 2017

opens the Atlantic to drilling. And there's no oil here anyway-- every attempt in the past has been dry holes. There may be some gas, but no one wants to spend the money to get it.

Even our teabagging Republican rep knows to shut up about things like that. He's even jumped on the clean waters bandwagon.

If he does, the first fucking well should be right off Mar-A-Jerkoff.

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