Apr 2, 2009 | 6
The Obama administration needs more research before it can tailor a strategy for harvesting available energy resources in the U.S., according to a report released today by the Interior Department. President Obama has made clear that he's big on alt energy options – but said during his campaign that he would consider off shore drilling on leased land in combo with development of renewable energy sources in a push to make the U.S. independent of foreign oil.
Interior Secretary Ken Salazar said in a statement that the Outer Continental Shelf (OCS) energy resources report points to "huge information gaps about the location and extent of offshore oil and gas resources" that need to be filled in before officials can make any policy decisions on oil exploration and renewable energy research. He noted, for instance, that in some cases seismic and related data (in the Atlantic OCS and Eastern Gulf of Mexico) is more than 25 years old and would have to be updated to determine whether drilling would be safe.
Sep 24, 2008 | 2
A 26-year moratorium on offshore drilling will expire on Wednesday, after the House approved a temporary-spending package today sans a planned extension of the ban. The bill was approved by a 370-to-58 margin, hours after the Democratic majority nixed a provision that would have maintained the prohibition on drilling off the U.S. coast line.
The measure is likely to be approved by the Senate within a few days, the Associated Press reports. President Bush had threatened to veto the package if it extended the ban.
Democrats backed away from their longstanding support of the drilling limit over the summer, after fuel prices skyrocketed and consumer discontent over the surging costs became a top issue on the presidential campaign trail. Both candidates support offshore drilling; Republican John McCain wants drilling allowed on the Outer Continental Shelf, while Barack Obama backs offshore drilling if it's accompanied by development of alternative energy sources.
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