
by Chris McGowan
The Obama administration announced plans this week to lift a longstanding ban on oil-drilling off the US coast. New regions open to drilling would include East Coast waters from Delaware to Florida, Gulf Coast waters from Florida to Texas, and Arctic waters off the northern coast of Alaska.
In his announcement, President Obama framed the decision as part of a larger effort to increase American energy independence and move away from our reliance on foreign oil. But, as Obama himself pointed out on the campaign trail, the logic of that argument just doesn’t quite add up.
First of all, “energy independence” is not a realistic goal if we attempt to accomplish it through oil drilling. Not only is the amount of oil that actually exists off the US coast minimal in comparison to how much oil we consume, but it’s clear that the benefits of off-shore drilling would not be nearly as substantial for the American people as it would be for a select few oil companies.
That is because oil is a global commodity. Oil prices, therefore, are set in the international market. So whichever companies end up drilling off US shores would still be able to sell that oil to countries throughout the world. The effect on oil prices, therefore, as then-candidate Obama said, would be “minimal at best.” Similarly, Middle East countries like Iran and Saudi Arabia would not be “hurt” or weakened, as many people hope, by increased American drilling, since demand is so high that they could very easily just sell to someone else. Plus, the United States imports most of its oil from Canada and Mexico anyway, not exactly two rogue regimes or two countries we need to discourage trade with.
And while the first usable oil would not be extracted from any of these sites for at least ten years, the environmental consequences would be felt almost immediately, as companies begin exploratory drilling and other kinds of testing. Scientists warn that the drilling will cause the destruction of coastal areas and the extinction of many species, including the polar bear.
Meanwhile it seems like the administration’s decision is so obviously political that the media has forgotten to cover the actual substance of the policy. It is right to suggest that the move is politically motivated but wrong to then analyze the move for its political consequences alone. The job of the media is to cut through the symbolism of politicians, not to reinforce and create it.
The point is not that Obama has compromised, but that a compromise of this kind is meaningless except for its political dimensions. This was not a deal cut with Republican lawmakers, it was an announcement made to pre-empt the coming legislative battle over climate change policy. And, as Obama made clear during the campaign, off-shore drilling is nothing more than a Republican talking point. It is certainly not substantive policy.
Of course, this has been Obama’s brand of politics since he took office a year ago, a (necessary?) response to his right-wing critics and the collective TV punditry. In fact, it often seems as though the president is compromising with the mainstream media narrative rather than with conservative policy makers. See: the healthcare debate.
Policy-wise, Obama is wrong to open these areas to drilling, but who can say whether this decision will help him accomplish his larger climate change and energy policy goals? The problem is that issues as complicated and important as energy require serious people who are actually interested in serving the American people, and it often seems that neither the media nor the Republican party fit that description.
Image from: www.huffingtonpost.com