offshore oil
Meet the new BOEMRE, same as the old MMS
Cross-posted at CPRBlog. The Minerals Management Service within the Department of Interior was responsible for overseeing offshore oil development in federal waters from its creation in 1982 until its demise earlier this year. MMS was always a troubled agency, to put it mildly, dogged by scandals and a revolving door with the industry it regulates. …
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CONTINUE READINGAdministration delays next step on offshore drilling plan
Finally, some news about offshore oil drilling that contains no nasty surprises. The Obama administration has announced that it will delay public meetings on the plan for expanded offshore drilling it unveiled shortly before the Deepwater Horizon disaster. The planned “scoping” meetings, which had originally been announced for June or July in Alaska, the south …
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CONTINUE READINGCarbon Sequestration: Is There a Lesson from Offshore Drilling?
When he lifted the moratorium on new offshore leasing in July of 2008, President Bush assured us that “advances in technology have made it possible to conduct oil exploration in the OCS that is out of sight, protects coral reefs and habitats, and protects against oil spills.” We know now that he was wrong, in part …
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CONTINUE READINGCosts and Benefits of Offshore Oil
In thinking about the economics of off-shore oil, the main benefit is increased energy security. According to an RFF study, Netted out, the Brown and Huntington estimates suggest that the effect of increased U.S. oil production is about $1 per barrel (or 2.4 cents per gallon of gasoline); for each barrel of increased U.S. oil …
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CONTINUE READINGObama, Offshore Drilling, and Aikido
Concerning Obama’s new offshore drilling policv, it’s hard to disagree with the sentiment expressed by Matt Yglesias, Steve Benen, and Kevin Drum: why give a concession without getting anything in return? House Minority Leader John Boehner responded with a typically reality- and lithium-deprived statement. saying that “the Obama Administration continues to defy the will of …
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CONTINUE READINGTo Save the Planet…Drill of For Oil?
In his State of the Union address this past January, President Obama found a way to equate greenhouse gas reduction and clean energy jobs with an increase in offshore drilling. If he were to agree to more offshore leases, perhaps reticent members of Congress would support the kind of energy legislation needed to address climate …
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CONTINUE READINGNo drilling for dollars this year
Earlier this week, Cara noted that the tentative state budget agreement struck between California Gov. Schwarzenegger and legislative leaders included permission for new oil drilling in the state’s waters off Santa Barbara, despite the fact that the State Lands Commission, the body responsible for issuing oil leases, had rejected the proposal in January. Cara also …
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CONTINUE READINGEnvironmental Measures in Spending Bill Clear Congress
At the same time, the measure chips away at several leftover Bush administration policies. It clears the way for the Obama administration to reverse a rule issued late in the Bush administration that says greenhouse gases may not be restricted to protect polar bears from global warming. Another Bush administration rule that reduced the input …
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