American Solutions:

More than a year into his presidency and after imposing numerous delays on American energy production, President Obama announced today that he would open up portions of the Outer Continental Shelf to offshore drilling.
But the plan is defined more by what it restricts than what it opens up. The Obama administration chose to take off the table large portions of the OCS in an announcement that was supposed to be about expanding American energy.
The announcement signifies:
• No drilling in the Pacific Ocean.
• No drilling in a large portion of the Atlantic Ocean.
• No drilling in some of the most promising areas of the Gulf of Mexico.
• No drilling in much of Alaska.
While opening up any portion of the OCS for responsible energy development appears to be a great step forward, the truth is that none of this has been finalized, and most new drilling will not occur until after 2012 at the earliest.
The offering also comes with a hefty price: President Obama wants to force Americans to swallow a massive new energy tax before any state will reap the benefits from this new offshore drilling. The bill Mr. Obama urged Congress to pass last summer, the Waxman-Markey energy tax, would eviscerate the economy, killing more than one million jobs per year while raising the cost of energy for all Americans.

The rest here.