President Obama ordered the Interior Department to expand oil and gas drilling in Alaska’s National Petroleum Reserve, but his plan to increase domestic production at a time of soaring fuel prices doesn’t include a long-sought lease sale 50 miles off the coast of Virginia, analysts say. Rather, Obama merely directed the Interior Department to speed up the evaluation of resources along the Atlantic coast. It’s a far cry from just over a year ago, when the president cleared the way for offshore oil and natural gas exploration only to institute a drilling moratorium following a massive oil spill in the Gulf of Mexico. Exploration off of Virginia’s coast was later blocked until at least 2017.
“I don’t see any commitment here for [Virginia’s lease sale],” Erik Milito of the American Petroleum Institute said of Obama’s plan. “I don’t see anything here that will create the kind of opportunities in the near future that this country needs.”
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