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Obama Rejects New Atlantic Ocean Oil Drilling (usatoday.com)

mdsolar writes: The Obama administration will abandon its plan to allow new offshore oil drilling on the U.S. southeast coast, dealing a blow to petroleum companies that had hopes of tapping new reserves. The Interior Department is set to announce today that it will not auction off certain drilling rights for Atlantic Ocean waters off the coast of Virginia, North Carolina, South Carolina, Georgia and Florida. The reversal comes after environmentalists, coastal residents, and the U.S. military vocalized opposition to the plan. It also comes amid declining industry investment in new exploration and production activities as oil prices fell by about 70% since late 2014 -- although the industry is still seeking long-term investment opportunities under the assumption that oil prices will recover.

2 of 176 comments (clear)

  1. Typical Obama logic by jacob8404 · · Score: 0, Troll

    This is the leftist worldview at work. In their world, energy *should* be expensive, living standard should be lower, the ultimate goal of any nation should be to be "green", not prosperity or the pursuit of happiness. Politicians who adhere to this ideology consider themselves to be accountable to {the UN|Greenpeace|"the planet"}, never to the constituents who elected them. Indeed Obama and his New-Age pals in virtually every First World country believe that a good government is one that manages to overcome (or ignore) the opposition of its own population in the pursuit of Agenda 21.

  2. Re:Wait for Trump by Mashiki · · Score: 1, Troll

    I'm the reason people are stupid? OK there guy.

    Two posts, and you've successfully proven the "I know what's best, and if you don't listen you're stupid/people are just stupid" line of thinking. Yeah that's not backing firing at all, and why there's a growing general disdain to: political elite, academia, ideologues, sjw's and those crowing about "social justice." And people turning around and saying e-fucking-nough.

    Hey you know that vote in Florida? The one where all the pollsters said that Trump wouldn't win...

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    Om, nomnomnom...