Friday, April 2, 2010

Bush Admin Official: Offshore Drilling Plan By Obama An Attempt to Gain Votes for Massive Climate Bill

Wednesday, March 31, 2010
Fox News

President Obama, reversing a long-standing ban on most offshore drilling, unveiled a plan Wednesday to allow oil drilling off the Eastern seaboard and potentially the western coast of Florida.

While the plan is sure to rile environmentalists, the announcement comes just a day before the administration will please them -- and anger conservatives -- by cementing sweeping emissions and fuel economy standards that will impact U.S. auto manufacturers.

“The president is throwing a bone to Republicans in hopes that this will be his foot in the door to a massive climate change bill, and that’s not going to happen.”
OIL & GAS MARKET