A post by Pat
You shouldn’t hold your breath waiting for the new offshore drilling. You may have to hold your breath after the EPA declares CO2 a regulated pollutant.
Today’s news will be about the President announcing approval for more offshore drilling. Has he succumbed to the Power of Palin? Not exactly. For one thing Alaska is losing leases. The details hardly matter though because the announcement today will not see fruition for many, many years. That’s the optimistic outlook. If you’re like me, you have a strong suspicion it’s never going to happen until there is a seismic shift in government.
The approval is part of a deal to get some kind of cap-and-trade legislation out of Congress this year. An EPA edict concerning CO2 will be coming this week. CO2 will be poison, a cap-and-trade law will be passed and the promises of offshore drilling will sink into the blue.
In a reversal of a long-standing ban on most offshore drilling, President Barack Obama is allowing oil drilling 50 miles off Virginia’s shorelines. At the same time, he is rejecting some new drilling sites that had been planned in Alaska.
Obama was set to announce the new drilling policy Wednesday at Andrews air base in Maryland. White House officials pitched the changes as ways to reduce U.S. reliance on foreign oil and create jobs — both politically popular ideas — but the president’s decisions also could help secure support for a climate change bill languishing in Congress.
The president, joined by Interior Secretary Ken Salazar, also was set to announce that proposed leases in Alaska’s Bristol Bay would be canceled. The Interior Department also planned to reverse last year’s decision to open up parts of the Chukchi and Beaufort seas. Instead, scientists would study the sites to see if they’re suitable to future leases.
Obama also urged Congress to complete work on a climate change and energy bill, which has remained elusive. The president met with lawmakers earlier this month at the White House about a bill cutting emissions of pollution-causing greenhouse gases by 17 percent by 2020. The legislation would also expand domestic oil and gas drilling offshore and provide federal assistance for constructing nuclear power plants and carbon sequestration and storage projects at coal-fired utilities.
White House officials hope Wednesday’s announcement will attract support from Republicans, who adopted a chant of “Drill, baby, drill” during 2008’s presidential campaign.
Stuart Varney explains:
…There may be deal making and an element of diversion as well. First of all the deal making. As you heard, the President wants a climate control bill, cap and trade of some form, this year, so he throws out more nuclear power, yes, you can have more nuclear power and now some more offshore drilling. That will be the nature of a deal. A climate bill in return for more drilling and more nukes. That’s the deal element here. The diversion is this: as early as tomorrow, our people in D.C. are telling us that maybe we will see new co2 emissions rules from the EPA. That would be tough on business. So what you do is you announce an extra off shore drilling today, divert from the negative headlines tomorrow, capture the public’s headlines with extra drilling today. So you’ve got a bit of a diversion here, and you’ve also got some deal making going on. What you do have, you do have a switch here, you’ve got the possibility of a lot more offshore drilling, but it’s way down the road.
The interior department is going to hold several years, that’s a direct quote, several years of environmental studies on those eastern seaboard, outer continental shelf drilling, then they come in with a report after several years, then the environmentalists will challenge it in court and hold it up for more years to come. I’m not going to put a year estimate on it, but I mean, it is way down the road, towards the end of this decade, before, if you ever see a single drop of offshore oil come ashore.
Martha: …Just so everybody understands, is that co2, as of tomorrow, I understand, carbon dioxide, will be a pollutant that is subject to government regulation. Now, that’s never been the case before, but once you make carbon dioxide emissions subject to government regulation, you’re in a whole new ballpark, aren’t you stuart?
Varney: You are in an administrator ballpark, not a legislative ballpark. It means that the EPA, environmental protection agency, as of tomorrow, as administrative agency, can impose new rules on carbon dioxide emissions. you don’t have a vote in congress, you just impose the new rule. and we hear it’s likely to come tomorrow or certainly this week.
The eco-Left is determined to take any approach to obtain the crippling restrictions it pursues.
When the front door won’t open, try the back. Try the side door and all the windows, too.
If lawmakers are going to be this gullible, the eco-Left will come through an open door, sit down and eat your dinner.