One of the highlights of the President’s State of the Union speech was his stating a plan to open 38 million acres for oil exploration in the Gulf of Mexico and a contest for natural gas technology.
Erik Milito, upstream director for the American Petroleum Institute (API), was not particularly impressed by the plan.
An article posted today at UPI.com:
Milito noted the lease sale outlined by the Obama administration was originally included in a program that became effective in 2007. Obama’s critics said the White House was in essence trying to generate political capital based on decisions made by the previous administration.
The API said Obama’s lease announcements left more than 85 percent of offshore areas off limits to energy explorers.
This is another reason voters have to pay close attention to anything said by any politician running for office this year. There will be a lot of misinformation floating out over the airwaves and in print in your local and national newspapers. It’s up to us to be our own fact-checkers!