What's driving Obama's oil drilling plan?

CLIMATE
GREENHOUSE GASES

Don't expect any relief from global warming regulation even though President Obama has joined the "Drill, Baby, Drill" chorus calling for an increase in America's oil-producing  capacity.  Obama has outlined a new energy policy that calls for opening up large tracks of offshore areas to oil and natural gas exploration.

The areas range from coastal Delaware, down the Atlantic coast to the northern half of Florida, to the eastern Gulf of Mexico and north of Alaska.

Three-legged stool

But Obama's offering the offshore drilling as a lure, along with calling for building new nuclear power plants, to win support for legislation to limit greenhouse gas (GHG) emissions via a cap-and-trade program.

Including GHG reductions as part of a national energy policy is also supported by Sens. Lindsay Graham (R-SC), John Kerry (D-MA) and Joe
Liebermann (I-CT).

Reprinted with permission from Environmental Compliance Alert
Info: http://snipurl.com/drill395