While the news coverage of President Trump has focused mainly on Russia and other conspiracies, he’s been working his behind off behind the scenes to undo Barack Obama’s “legacy” of destructive policies.
The president’s latest move isn’t sitting too well with environmental whackos, who pursue economy-killing policies in order to save the growing population of polar bears, as it focuses on Obama’s ban on offshore drilling. Bloomberg News is reporting that President Trump is preparing an executive order to give oil companies expanded opportunities for drilling off our coast, which will reverse another major part of Obama’s destructive agenda.
Check it out:
President Donald Trump is preparing to issue an executive order with the goal of giving oil companies more opportunities to drill offshore, reversing Obama-era policies that restricted the activity.
The offshore drilling directive is set to be issued soon, Interior Secretary Ryan Zinke told an industry conference in Washington on Thursday, according to three attendees who spoke on condition of anonymity to discuss a session closed to the press. Zinke did not provide specific details on the executive order during his presentation to the National Ocean Industries Association.
The coming order is set to push the Interior Department to schedule sales of new offshore oil and natural gas rights in U.S. Atlantic and Arctic waters, amending a five-year Obama administration leasing plan that left out auctions there, according to an industry representative who has discussed it with officials.
According to the Heritage Foundation’s Nicholas Loris, offshore drilling would give a much-needed boost to our economy by creating jobs and increasing tax revenues to the government.
An abundance of untapped energy lies beneath America’s ground and off the coasts. According to a new study from energy consultant Wood Mackenzie, allowing access to domestic resources and imports of Canadian oil would generate more than 1 million jobs by 2018 and more than 1.4 million jobs by 2030. The federal government would stand to benefit tremendously as well, collecting more than $36 billion as soon as 2015 and more than $800 billion by 2030. Also by 2015, an additional 1.3 million barrel of oil equivalents (boe) would reach the market, increasing to 10.4 million boe by 2030.
Unfortunately, the move isn’t going to be as easy as it seems. Yes, President Trump has the authority to overturn many of Obama’s policies; however, the former squatter used an obscure rule to protect what he believed to be protections for the environment.
“The administration can stare all day at the statute Obama used to protect large parts of the Arctic and Atlantic, but they won’t find a syllable allowing Trump to revoke those protections. Neither will the courts,” said Niel Lawrence, Alaska director for the Natural Resources Defense Council.
“It’s hard to imagine riskier, more expensive or time-consuming places to look for oil,” Lawrence said by email. “It would be an extraordinary misuse of public dollars and agency resources to try to open them up now.”
Obama banned future drilling and exploration across more than 125 million acres in the Arctic and another 4 million acres in the Atlantic Ocean. When doing so, he invoked an obscure provision from a 1953 law that fails to give presidents the explicit authority to reverse prior designations, which means President Trump may need the help of Congress with this one, and we all know how helpful Congress has been lately…