Obama Proposes Offshore Drilling for Bubblin' Crude; Clampetts and Kin Rejoice
The Atlantic coastline may soon be up for grabs (along with the eastern Gulf of Mexico and the north coast of Alaska) for oil and gas drilling. The Obama administration proposed today that the areas be opened "to reduce dependence on oil imports, generate revenue from the sale of offshore leases and help win political support for comprehensive energy and climate legislation," per the New York Times.
Expect a whole slew of environmentalists to take to the streets in protest as soon as they get some fair-trade organic coffee in 'em.
Hamptons-goers, take heart: The Eastern seaboard from Jersey on up, and the Pacific coast from Mexico to Canada, will remain protected from hillbilly prospectors, Beverly or otherwise. No such protection is in place against prospectors of the non-oil variety, unfortunately.
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