offshore oil drilling
What the Exxon Valdez Does and Doesn’t Mean
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 [...]
Hoyer: No Plans to Reinstall Offshore Drilling Moratorium
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 [...]
Drilling Our Way to a Dead Economy?
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?
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