Archive for the ‘offshore drilling’ Category

Offshore Drilling. Maybe Later?

Tuesday, February 10th, 2009

Before the economy collapsed in the fall, Republicans were planning on using offshore drilling as a political issue against the Democrats. It was going to be the perfect issue for the Republicans where they would have an actionable policy that the Democrats refused to go along with despite the wishes of the majority of the American people. The Republicans went so far as to choose Alaska Governor Sarah Palin based almost entirely on her support of oil drilling culminating in her catchphrase of “Drill Baby Drill.”

But the Democrats did not extend the offshore drilling ban. I am still not sure if the ban was not extended because the Democrats were not organized enough to renew the ban or if they realized it was bad politics and policy.

Now it appears that Barack Obama is at least putting into practice a delay of offshore drilling for 6 months. Interior Secretary Ken Salazar put out a statement saying that the administration wanted to extend the time for “review” on offshore drilling which is just a Washington D.C. of saying delay. Ken Salazar does give legitimate reasons which he may be sincere about including studying the uses of other forms of alternative energy and reconsidering the royalty rates on offshore drilling.

Obama should be prepared for the Republicans to use this against him. The Republicans will not turn down a political issue artificially causing oil prices to be higher.

offshore oil, come on bubble and boil

Tuesday, June 17th, 2008

Senator John McCain has proposed ending the federal ban on offshore drilling. This measure would then allow coastal states to decide whether or not to allow drilling for oil offshore. Offshore drilling has not been allowed since 1981.

John McCain told a conference cal
l:

Asked about the offshore drilling, McCain responded, “Right now there’s a moratorium, and they have to be lifted. I’m not dictating to the states that they drill for oil. I’m saying the moratorium should be lifted so states can choose that option if they want to.” He added that the situation might require “additional incentives… in terms of tangible financial rewards” to states that permit drilling. He said he didn’t have a particular position at this point on an appropriate distance from the coast for offshore drilling.

Oil prices are due almost entirely to supply and demand. One sure way to lower the price of oil would be to increase the supply through measures such as offshore drilling. At the very least decisions on whether or not to drill should be made by the states that will be most directly affected by offshore drilling.

This is a positive policy proposal by Senator McCain.