offshore oil drilling

Today is the 20th anniversary of the Exxon Valdez oil spill which left 11 million gallons of black petroleum deposited on a pristine Alaska coastline. The Daily Green looks at the sorry aftermath, including how Exxon, thanks to the Supreme Court, paid a penalty that was less than one percent of its annual earnings. But [...]

For environmentalists hoping that the new Democratic margins in Congress might lead to the return of a decades-old moratorium on offshore oil drilling — you might not want to hold your breath.
House Majority Leader Steny Hoyer (D-Md.) told reporters Tuesday that Democrats have no plans to reinstate the drilling ban, which Congress let expire at [...]

In a full-page spread in today’s Washington Post, some players in the energy industry take an opportunity to congratulate Congress for allowing a 26-year-old moratorium on new offshore oil drilling to expire.
That move, the companies postulate, “may prove to be a significant measure in addressing our long-term fiscal health.”
Really?