The White House's anti-growth ocean policy.
12:44 PM, Feb 11, 2010 • By DANIEL HALPER
With the Obama administration now focusing on jobs, and with the forthcoming introduction of a jobs bill in Congress (or yet another stimulus bill, depending on semantics), it would seem the Democrats would be against any sort of policy initiatives that would stifle economic growth. But that does not seem to be the case.
This would affect the oil industry tremendously, as well as shipping, commercial fishing and recreational uses of the oceans (think: fishermen, boaters, etc.). It even threatens to thwart offshore wind and wave energy projects. This initiative appears to be in line with recent actions by the Interior Department to reverse Bush administration policies designed to better utilize America’s domestic oil and gas resources. In announcing policies that will make federal oil and gas exploration more difficult, Interior Secretary Ken Salazar said that in the past energy companies were treated like "kings of world." And the Treasury Department in its recently submitted Green Book of 2010 budget recommendations admonished incentives for domestic oil and gas production as detriment because it “encourages overproduction of oil and gas.” It is clear from this rhetoric and the proposed ocean policy that the Obama administration does not see a link between domestic energy production and jobs and economic growth.