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Big Oil Rules Washington: White House Opens Doors to More Production and Industry Tax Breaks Will Likely Remain in Place

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The White House is playing Russian roulette with offshore drilling, putting the environment and American livelihoods in jeopardy. With just over a year gone by since BP's massive spill devastated the Gulf Coast, President Obama's decision to boost U.S. oil production and exploration both in the Gulf of Mexico and off the Alaskan coast is ill-advised and presents a risk we simply can't afford. Russian roulette is a potentially lethal game of chance – and the White House is gambling with our future. And for what? The Administration's efforts won't have any impact on sky-high gas prices – at least not in the near term – as Americans get ready to hit the road for summer vacation. Today, the average price for a gallon of gas nationwide is nearly $4, with some city gas stations charging upwards of $5. But, as maddening as that is, just about everybody agrees that the new White House production push will not translate into savings at the pump for at least five years. So what gives, Mr. President? Even as observers sighted a large oil slick last week near the old Deepwater Horizon site (see link below) and re-oilings remain common up and down the Gulf Coast, ...


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