On his way out, Obama cedes Arctic energy control to Russia « Hot Air:
"This isn’t really the same as prying the W’s off the keyboards in the Oval Office, but Barack Obama seems determined to leave some unpleasant going away presents for his successor on the domestic energy front.
Before leaving office, the President has modified the agreement for future oil exploration leases to eliminate nearly all Arctic sites.
Needless to say, the energy industry isn’t exactly ecstatic over this. (Politico)
President Barack Obama is throwing up roadblocks to Donald Trump’s pledges to expand offshore drilling, with a new plan that will declare parts of the Arctic off-limits.
Obama’s Interior Department on Friday issued its final five-year road map for offshore oil and gas drilling that took two areas in the Arctic out of contention, dealing a win to environmental groups and obstructing a path to new offshore drilling in the area...
...This comes on the heels of a decision earlier this year to reverse another set of plans which would have allowed for limited energy exploration in the Atlantic between Georgia and Virginia.
Here’s the thing to keep in mind about that.
That stretch of the Arctic Ocean represents our entire share of the undersea oil deposits in that part of the world.
The Russians are already competing with us heavily up north.
...Walking away waving the white flag is basically ceding the field to Russia..."