Alaska Considers Overturning Obama’s Ban on Offshore Drilling

From the Daily Caller News Foundation:
Alaskan Republican Sen. Dan Sullivan and Rep. Don Young are considering overturning President Barack Obama’s bans on new offshore oil drilling.

The lawmakers could introduce legislation overturning Obama’s actions either by authorizing the incoming President-elect Donald Trump to undo any prior offshore drilling bans or simply overturning the specific bans from Obama outright.

“The Congressman believes this decision can be overturned by the incoming Administration and will be encouraging President Trump to do so,” Matt Shuckerow, a spokesman for Young, told The Hill. “In addition, Congressman Young will also pursue legislation to overturn this decision.”

Obama declared Tuesday that most of the U.S.-controlled Arctic Ocean would be indefinitely closed to drilling, as well as along with 31 undersea canyons on the edge of the Atlantic Ocean.

take our poll - story continues below

What is your top alternative to Facebook? - FIXED

  • What is your top alternative to Facebook?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Eagle Rising updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Trending: Wisconsin Glassware Company Hands Out Guns to Employees for Christmas

Alaska is a particularly good spot for offshore drilling as the Beaufort and Chukchi seas contain an estimated 23.6 billion barrels of oil and 104.4 trillion cubic feet of natural gas. Developing offshore drilling is supported by 73 percent of Alaskans, according to a 2014 poll. Studies by industry groups estimate that offshore drilling would create 840,000 American jobs and nearly $200 billion in revenue for the government by 2035.

Opening federal lands for natural gas, oil, and other drilling would create 2.7 million jobs and add $663 billion to the economy each year for the next 30 years, according to a new study published last December by Louisiana State University and the free-market Institute for Energy Research.

Opening up these lands and waters would also lead to $5.1 trillion in new wages and $3.9 trillion in new federal tax revenue over the next 37 years, which would massively stimulate the economy, according to the research. This would create and support 2.7 million new jobs over a 30-year period.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

eaglerising

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Send this to a friend