The Obama administration will today propose ending a moratorium on new offshore drilling in the United States. The administration’s plan would open up large swaths of the Arctic Ocean — totaling some 130 million acres — to new drilling.
It would also open a massive segment of the eastern seaboard south of New Jersey, along with the Gulf of Mexico region, to exploration.
Drilling would still be restricted around military installations in Virginia and Florida, as well as in the commercial fishing waters of Bristol Bay in southwestern Alaska.
More details here.