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Politically, the reaction of conservatives to the President's decision is vital. The White House and its allies in the Senate will be making a renewed push for climate legislation over the next few weeks, and Obama's support for expansion of oil and gas drilling, along with provisions for nuclear power, could help sway a few Republicans to vote in their favor. But there's no guarantee that will happen. Meanwhile, in opening offshore territory to drilling, which has not happened in decades, Obama has angered green supporters and undoubtedly some Democrats, not to mention politicians - from both parties...
...Obama's decision in broader perspective. Any new drilling may not happen for years and is likely to face lengthy legal challenges from environmentalists - as is already the case in Alaska. (Drilling might happen faster off the coast of Virginia, where Republican Governor Bob McDonnell supports oil and gas exploration.) Leases in the vast Beaufort and Chukchi seas, north of Alaska, which had been up for sale under the Bush Administration, will be withdrawn for now while the Interior Department takes another look at the environmental risks of drilling in the delicate Arctic. "We're relieved that the Administration...
Conservatives argue that Obama has left too much oil in the ground, but it should be noted that even greatly expanded offshore drilling is unlikely to make much of a dent in U.S. dependence on foreign oil, nor is it expected to affect gas prices. Last year the U.S. Energy Information Agency estimated that reversing the Bush Administration's decision to expand offshore drilling - policies similar to those proposed by Obama - would increase oil prices by $0.11 per barrel in 2020 and $1.33 a barrel in 2030. Those increases would raise gas prices by less than a tenth...
...develop viable, scaled-up energy alternatives, we'll be fighting this same battle over and over again. If environmentalists block oil exploration in the U.S., we'll look for it elsewhere - perhaps in the eastern Amazon, where much of the rain forest is already under oil and gas leases, just waiting to be developed. And the ecological impact could be even worse there, where environmental regulations are far less extensive...
...more delayed. State-owned Rossia 1 broadcast a short news report about an hour after the bombers struck, followed by a documentary about a famous folk singer and a police drama. NTV, which was once the benchmark for Russian television journalism and is now controlled by the state-owned gas giant Gazprom, was last to report on the bombings at 10 a.m. - a full two hours after the first blast. The story came "as soon as [the channel] had video footage from the scene of the tragedy," network spokeswoman Maria Bezborodova said in an e-mail. NTV's report...