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Drill, Baby, Drill

By Matthew Yglesias  

"Drill, Baby, Drill"

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Welcome to the coastal drilling era:

The Obama administration is proposing to open vast expanses of water along the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska to oil and natural gas drilling, much of it for the first time, officials said Tuesday.

The proposal — a compromise that will please oil companies and domestic drilling advocates but anger some residents of affected states and many environmental organizations — would end a longstanding moratorium on oil exploration along the East Coast from the northern tip of Delaware to the central coast of Florida, covering 167 million acres of ocean.

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I don’t understand this at all. Increased coastal drilling would be a small price to pay in exchange for actual congressional votes for an overall energy package that shifts us to a low-carbon economy over time. But any price is too high a price to pay in exchange for nothing at all. This isn’t the greatest environmental crime in human history, but it sure does seem like poor legislative strategy.

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