LA Times: Reporting from Washington— President Obama will open Alaska's national petroleum reserve to new drilling, as part of a broad plan aimed at blunting criticism that he is not doing enough to address rising energy prices.If you think Obama is channeling his inner Sarah Palin and has now embraced her Drill, Baby Drill philosophy, guess again. This is just more of Obama's naked political ambition. If it weren't for the fact that high gas prices will sink his election chances, Obama would say anything like this.
The plan, unveiled in Obama's weekly radio address Saturday, also would fast-track environmental assessment of petroleum exploration in some portions of the Atlantic and extend the leases of oil companies whose work in the Gulf of Mexico and the Arctic Ocean was interrupted by the drilling moratorium after last year's BP oil spill.
The measures come as high gasoline prices and the resulting popular anger threaten the fragile economic recovery and, possibly, the president's reelection chances in 2012. Congressional Republicans and some Democrats have been clamoring for increased domestic production in response to the rising prices, which economists say vary with global demand. [MORE]
Since we know that oil cannot be extracted from any of the places Obama mentioned before election day, this is just more cheap talk. If Obama is reelected in 2012 (God forbid), he will go back on his word faster than he failed to close Gitmo safe in the knowledge that no drilling actually occurred.
The time for America to increase its own oil production is dangerously overdue and playing reelection games with this issue is just plain cruel.
Via: The LA Times