Is this what we get to view off our coast anytime soon?
The moratorium on off-shore drilling off the coasts of the Eastern seaboard and Pacific coast was to expire next week, and Democrats just agreed to allow the ban to expire rather than fight to keep it in a stopgap spending bill.
Earlier this month, the Democrats tried to push a bill that would have limited drilling to 50 miles offshore but they abandoned that after it met with strong opposition from Republicans and a promised veto from the White House.
Keeping the ban in place was a particularly hard sell, especially after gas prices soared this summer and public opinion began to shift in favor of drilling. Even so, energy experts say drilling off U.S. shores won't help ease gas prices in the foreseeable future anyway. In a USA Today article, the Department of Energy was quoted as saying that the drilled oil won't get here anytime soon, and that impact on oil prices would be "insignificant."
So why drill?
The Department of the Interior claims there are 18 billion barrels of recoverable oil in those waters, previously unavailable to U.S. oil companies.
The problem is, those oil companies aren't likely to sell the oil to us at bargain basement prices just because the U.S. is experiencing a little energy crisis. Just like in the marketplace, they'll want top dollar just like anyone else.
The good news- if there is any in all of this- is the next administration will get to decide on the drilling particulars, and also whether or not to even drill at all.
(Photos courtesy of USA Today & Boston Globe)