Arab Today, arab today obama announces new oil drilling
Last Updated : GMT 17:43:15
Arab Today, arab today
Arab Today, arab today

Obama announces new oil drilling

Arab Today, arab today

Arab Today, arab today Obama announces new oil drilling

WASHINGTON - AFP

President Barack Obama, under pressure over high gasoline prices, Saturday committed to annual oil and gas lease sales in Alaska's National Petroleum Reserve and to speeding up production in other areas. In his weekly radio and Internet address, the US leader admitted that one of the biggest burdens for US consumers in recent months had been the high price of gasoline, which is more than four dollars a gallon in some areas. "These spikes in gas prices are often temporary, and while there are no quick fixes to the problem, there are a few steps we should take that make good sense," Obama said. The president vowed to increase safe and responsible oil production from US resources, at the same time as enhancing safety and environmental standards. "To do this, I am directing the Department of Interior to conduct annual lease sales in Alaska's National Petroleum Reserve, while respecting sensitive areas," Obama said. Previously, oil and gas leases had taken placed periodically in the Alaskan National Petroleum Reserve, but not on an annual basis. Obama also offered to speed up the evaluation of oil and gas resources in the mid- and south Atlantic and to lease new areas of the Gulf of Mexico. He also pledged to unveil new incentives for the oil industry to develop unused leases which have already been acquired. In many cases, oil and gas giants say the costs incurred in areas leased out by the government would result in prohibitively expensive costs to be fully explored and exploited. The inland Alaska National Petroleum Reserve lies to the west of the more famous Arctic National Wildlife Reserve (ANWR), which Republicans and oil firms have been calling on Obama to open for drilling. A senior administration official however told reporters "drilling in the Arctic refuge is off the table and we do not support development there." In March 2010, Obama announced a plan to expand drilling along areas of the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska. But he reversed the decision later in the year, amid the environmental fallout of the BP Deepwater Horizon oil disaster in the Gulf, and banned drilling in some areas until beyond 2017. Saturday's move would extend drilling leases in some areas of the Gulf impacted by last year's temporary moratorium and it will establish a new interagency working group to ensure Arctic leases meet environmental standards. Obama has previously vowed to cut US oil imports, which often come from volatile areas of the world by a third in just over a decade, and has also invested heavily in developing alternative energy sources. But Republicans have charged that his reluctance to open US energy fields to full exploitation undermines his policy. The president has also railed against oil industry giants for making huge profits while Americans suffer from rising pump prices and has called for 4 billion dollars in government subsidies to the industry to be revoked. "Four billion dollars at a time when Americans can barely fill up their tanks. Four billion dollars at a time when we're trying to reduce our deficit. This isn't fair, it makes no sense," said Obama in the address.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama announces new oil drilling Arab Today, arab today obama announces new oil drilling

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday