Obama Looking To Create World’s Largest Ocean Preserve By Protecting Stretch Of Pacific From Drilling, Fishing
President Barack Obama is looking to create the largest marine preserve in the world by protecting a massive stretch of the Pacific Ocean from drilling, fishing and other actions that could threaten wildlife, the White House said.
The House approved two bills Wednesday aimed at speeding up drilling for oil and natural gas on public lands.
The Obama administration said Thursday it will require companies that drill for oil and natural gas on federal lands to publicly disclose chemicals used in hydraulic fracturing operations.
A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.
President Barack Obama says simply calling for more drilling is just a “bumper sticker,” not a real plan for bringing down rising gas prices.