"Many Americans fear that President Obama’s new energy proposal is once again “all talk and no real action,” this time in an effort to shore up fading support for the Democrats’ job-killing cap-and-trade (a.k.a. cap-and-tax) proposals. Behind the rhetoric lie new drilling bans and leasing delays; soon to follow are burdensome new environmental regulations. Instead of “drill, baby, drill,” the more you look into this the more you realize it’s “stall, baby, stall"
I think I will save my cheering the plan for a bit. While Obama stalls, other countries are buying up leases around Cuba. The plan also puts Alaska drilling on hold.
"As an Alaskan, I’m especially disheartened by the new ban on drilling in parts of the 49th state and the cancellation of lease sales in the Chukchi and Beaufort seas. These areas contain rich oil and gas reserves whose development is key to our country’s energy security. As I told Secretary Salazar last April, “Arctic exploration and development is a slow, demanding process. Delays or major restrictions in accessing these resources for environmentally responsible development are not in the national interest or the interests of the State of Alaska.”
Yep, Lets hold of cheering for a bit.
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