The recent Supreme Court
decision on ObamaCare gave sufficient cover to the administration to
release a five-year plan for offshore drilling which will continue to
depress the economy and eliminate energy independence in this country.
This new plan "resinstitutes a 30-year moratorium on offshore energy exploration" in the United States. Thus, the 44th president has now denied "access to nearly 98% of America's vast energy potential on the Outer Continental Shelf (OCS)."
Thomas J. Pyle, president of the Institute for Energy Research explains that the "Outer Continental Shelf Lands Act or OCSLA of 1953 provided the interior secretary with the authority to administer mineral exploration and development off our nation's coastlines." In effect, this Act allows the interior secretary to "provide oil and gas leases to the highest-qualified bidder while establishing guidelines for implementing an oil and gas exploration-and-development program for the Outer Continental Shelf."
In 1978, the Act was amended to require a series of five-year plans that would provide a schedule for the sale of oil and gas leases in order to better meet America's national energy needs.
This new plan "resinstitutes a 30-year moratorium on offshore energy exploration" in the United States. Thus, the 44th president has now denied "access to nearly 98% of America's vast energy potential on the Outer Continental Shelf (OCS)."
Thomas J. Pyle, president of the Institute for Energy Research explains that the "Outer Continental Shelf Lands Act or OCSLA of 1953 provided the interior secretary with the authority to administer mineral exploration and development off our nation's coastlines." In effect, this Act allows the interior secretary to "provide oil and gas leases to the highest-qualified bidder while establishing guidelines for implementing an oil and gas exploration-and-development program for the Outer Continental Shelf."
In 1978, the Act was amended to require a series of five-year plans that would provide a schedule for the sale of oil and gas leases in order to better meet America's national energy needs.
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