US to Open More Offshore Oil Drilling
President Barack Obama will propose allowing more offshore oil and natural-gas exploration and development at the Atlantic Coast and Gulf of Mexico. The announcement of the President regarding the proposal will be expected this late morning.
It is understood that President Obama had this proposal so that the dependence of the US to the oil from the other nations especially from the middle east will be reduced.
But while oil companies and domestic drilling advocates will be happy on this, it is also expected that some residents of affected states and many environmental organizations will oppose this proposal.
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[...] incident could be a test to the plans of president Obama to allow more offshore drilling to lessen the US dependence on the oil products coming from the middle [...]