We’ll be Drowning in Oil!

from Zero Hedge:

Trump Announces Massive Expansion In Offshore Drilling; Environmentalists Outraged

In December 2017, during the twilight days of the previous administration, as one of Barack Obama’s last executive actions the former president formally blocked offshore oil and gas drilling in most of the Atlantic and Arctic Ocean, responding to a call from environmentalists who say the government needs to do more to prevent drilling in environmentally sensitive areas of U.S.-controlled oceans.

The move was not surprising: Obama had been expected to take the action by invoking a provision in a 1953 law that governs Outer Continental Shelf offshore leases, and he did just that to block drilling in federal waters in the Arctic’s Chukchi Sea and most of its Beaufort Sea. He also protected 21 underwater canyons in the Atlantic Ocean from drilling. read more