From an op-ed by David Holt in the Washington Examiner:
Indeed, we could have easily telegraphed Obama's decision by looking to Alaska where similar decisions have stymied efforts to develop resources in the Beaufort and Chukchi Seas.Technorati tags: politics economy Drill here, drill now government energy news
There, Obama sacrificed the ability to produce safely nearly 1.4 million barrels of oil a day to appease special interest groups that have misused the federal administrative process to stop exploration of the Arctic at every turn.
In spite of nearly four years of review confirming the project's safety, Obama imposed an arbitrary, and highly political, stoppage time in Shell's conditional permit.
The"approval" advanced by Obama ignores both science and the safety equipment Shell will bring to the region and amounts to a 40 percent reduction in time allowed for exploration work.
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