Monday, January 30, 2012

Driling leases.


The Obama administration has proposed a five year plan to sell offshore drilling leases. Over the next five years 15 lease sales will be sold in  six different areas (shown below). Many people have had a very negative view on this, especially considering the 4.9 million barrel spill that happened last year in the Gulf of Mexico. A lot of environmentalists frown upon the fact that an oil spill in these areas could be ravaging to the polar bear population. I tend to lead towards Obama's side on this one. Our economy is in urgent need of Jobs, and I don't think the risks are that substantial.

 The five year plan will cover these areas. 

  • Western Gulf of Mexico: sales beginning spring 2013.
  • Central Gulf of Mexico: Five sales starting the spring of 2013.
  • Eastern Gulf of Mexico: Two sales, including one in 2014 one in 2016
  • Beaufort Sea: One sale 2015.
  • Chukchi Sea: One sale 2016.
  • Cook Inlet: One sale 2013

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