NPR logo

Obama To Reverse Offshore Drilling Ban

  • Download
  • <iframe src="https://www.npr.org/player/embed/125380021/125380001" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Obama To Reverse Offshore Drilling Ban

Business

Obama To Reverse Offshore Drilling Ban

Obama To Reverse Offshore Drilling Ban

  • Download
  • <iframe src="https://www.npr.org/player/embed/125380021/125380001" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

President Barack Obama is reversing a long-standing ban on most offshore drilling. He's allowing oil drilling 50 miles off Virginia's shorelines. At the same time, he is rejecting some new drilling sites that had been planned in Alaska.

RENEE MONTAGNE, host:

NPR's business news begins with the reversal of offshore drilling.

(Soundbite of music)

MONTAGNE: President Barack Obama has overturned a ban that has limited most oil drilling off the East Coast for more than 20 years. His proposal allows drilling 50 miles off Virginia's shorelines. At the same time, it prohibits some new sites planned for Alaska. Environmentalists have long opposed more oil platforms along the nation's coastlines.

White House officials say the plan will create jobs and reduce U.S. reliance on foreign oil. They hope the plan will also pay off politically, attracting Republican support for the president's bill on climate change.

Copyright © 2010 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.