Earlier this month, House Democrats unwillingly negotiated a compromise with Republicans, ceding land 50-100 miles off
Republicans are congratulating themselves on supposedly saving the American people from an energy-driven economic crisis. But the move is obviously flawed and reckless. Richard Charter, a consultant to the Defenders of Wildlife Action Fun, observes that "coastal states could reasonably expect a pre-lease planning timeline of approximately 18-24 months, at a minimum, between the approval of a federal lease sale and the actual sale of seafloor lands and drilling rights to the oil industry in a lease sale," meaning that years would pass before the reserves could even be tapped, much less impact the price of oil.
The short-sightedness of the Republican leadership isn’t all-together shocking, seeing as how Big Oil funds many Congressional –and Presidential –campaigns. But rather than stand up to special interests and reject fundamentally flawed energy initiatives, Congress simply caved under pressure from their various “constituents” (a.k.a. oil conglomerates) and pushed American farther and farther away from a sustainable energy policy grounded in renewable energy investment
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