Jul 19, 2009

Energy FAIL - open up protected area for few weeks of oil?

Haase comment: A picture of truth and a press release of deception...
Associated Press: The Obama administration is moving ahead with an oil lease sale in the Gulf of Mexico next month despite legal questions about whether the proposal and other offshore drilling plans initially drawn up under President George W. Bush went through a full environmental review.
"Secretary Salazar believes that it is important to move forward with President Obama's comprehensive energy agenda for the country," Barkoff said.
The decision comes four months after the U.S. Court of Appeals in Washington blocked lease sales in Alaska, saying the Bush administration didn't properly study the environmental consequences.
The sale would pave the way for drilling in some 18 million acres in the western Gulf near Texas. The area comes as close as nine miles from shore in some parts and stretches as far as 250 miles out.
Interior's Minerals Management Service, which conducts lease sales, estimates the area could yield up to 423 million barrels of oil and up to 2.64 trillion cubic feet of natural gas.
The U.S. uses about 7.5 billion barrels of oil per year, so the estimated oil production is the equivalent of a roughly three-week supply. The nation uses about 23 trillion cubic feet of natural gas per year, so the estimated gas production amounts to nearly six weeks of consumption.
Read more via yahoo News