Obama: No cap-and-trade? Then no drilling!

President Obama’s reversal yesterday on offshore drilling should surprise no one.

When he announced plans for more drilling last March, President Obama was really offering it as a carrot to get the oil industry to sign on to cap-and-trade. That gambit failed. Cap-and-trade is dead and so now is his offer of more offshore drilling. The administration’s reference to the Gulf oil spill as a reason for the reversal is simple camouflage for the withdrawal of an offer that was never sincere in the first place. On balance, President Obama is the loser. Cap-and-trade is dead forever, while offshore drilling opportunities could expand as early as January 20, 2013.

Steve Milloy——Bio and Archives

Steve Milloy publishes JunkScience.com and GreenHellBlog.com and is the author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them

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