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Why Are We Exploring New Offshore Drilling? Why Are We Exploring New Offshore Drilling?

Why Are We Exploring New Offshore Drilling?

by Andrew Price
April 1, 2010

Treehugger tries to make sense of Obama's plan to open up new areas for offshore drilling:
Pundits and commentators are scrambling to rationalize Obama's move: some say it's a political olive branch to conservatives, some say it's intended to help persuade moderates to consider comprehensive energy reform. Bradford Plumer notes at the Vine that it may be a preemptive measure to quell public furor when gas prices rise above $3 this summer, as they're expected to do.The move is certainly political--as noted just about everywhere, most of the oil won't be available for 10-12 years, and some of it likely never at all. And there's only 120 million barrels estimated to be found off the coast of Virginia--hardly enough to even put a dent in US dependence on foreign oil.
There's more here. I wish I understood the political calculus myself, but I don't. If I had to guess, I'd go with the preemptive-measure-to-quell-public-furor-over-future-gas-prices hypothesis.
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