This week the Department of Interior (DOI) sold its first oil lease in the Gulf of Mexico in over a year. Withholding drilling permits and cancelling leases, the Obama Administration has made what was once routine nearly impossible.
Upon assuming office, President Obama cancelled 31 oil and gas lease sales, delaying thousands of jobs and billions in economic activity. Not letting any crisis go to waste, the Department of Interior imposed a six month drilling moratorium on the Gulf following the Macondo disaster.
The Obama Administration’s recent offshore drilling plan codifies the White House’s anti-energy, anti-jobs position. The Obama 2012-2017 draft drilling plan closes a majority of the Outer Continental Shelf (OCS) to new energy production. In fact, less than 3 percent of America’s OCS will be available for development.