Obama to announce steps to speed oil drilling
May 14th, 2011
07:16 AM ET

Obama to announce steps to speed oil drilling

With gas topping $4 a gallon, President Barack Obama on Saturday will announce new plans to speed up domestic drilling for oil.

In his weekly address to the nation, the president will outline his plans for what he calls "safe and responsible" oil production.

The Obama administration will speed up the leasing process for the Alaska National Petroleum Reserve, give oil companies better financial incentives to use their leases and extend all drilling leases in the Gulf of Mexico so oil companies have more time to implement safety measures after the devastating BP oil spill.

He will also fast-forward the testing of areas off the east coast of the United States to see what oil resources are there and if it would be safe and commercially viable to drill.

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Filed under: Barack Obama • Energy • Politics
soundoff (33 Responses)
  1. citizen

    Pole numbers show this course of action would gain the most approval.

    May 14, 2011 at 7:19 am | Report abuse |
  2. funkybunch

    We first need new refinery's. We know where the oil is, just cut the red tape and get them built.

    May 14, 2011 at 7:35 am | Report abuse |
  3. Big Game James

    "Pole" numbers? LOL!! Obama 2012!! You guys are making it so easy!!

    May 14, 2011 at 8:27 am | Report abuse |
  4. banks

    I can hear repubs now sayin Drill baby drill.

    May 14, 2011 at 8:44 am | Report abuse |

    speeding up the drilling speed is a sure fire way to get gas prices down..

    May 14, 2011 at 8:55 am | Report abuse |

    all they really need to do if they want to speed things up is....

    just go up to sears and get a craftsman varible speed drill.... then make it 100x bigger...

    May 14, 2011 at 9:00 am | Report abuse |
  7. libertarian

    Drill baby drill, welcome to the party.

    May 14, 2011 at 9:07 am | Report abuse |
  8. banasy

    But now we will have to listen to the people who will be against this, saying that it's killing Mother Earth and destroying our ecosystem. These, of course, will be the same people who decry that Obama isn't doing anything about the gas prices.

    Funny how people never say much about destroying Mother Earth when it's not in their own backyard.

    May 14, 2011 at 9:21 am | Report abuse |

    it's real simple.. drilling for oil in our own country = jobs.. and the money stays here...

    unless we sell the oil to china at a discounted rate then buy oil for the middle east at full price..

    May 14, 2011 at 9:23 am | Report abuse |
  10. musa

    my name is musa we need to have our own gas from this land this is good . we dont need gas from another place thanks

    May 14, 2011 at 9:29 am | Report abuse |

      i agree.. i try and do my part and eat taco bell,,, bean burritos works very well for gas production..

      May 14, 2011 at 9:33 am | Report abuse |
  11. musa

    make our own gas is to fix our country the people they have to say the good word is needed

    May 14, 2011 at 9:40 am | Report abuse |
  12. Barbara Vipond

    How soon we forget! Last year we were putting a hold on deep sea drilling due to the demise of the Gulf. Now, because people cannot cut back on driving their SUV's and Ram trucks, or learn to carpool, mother nature will probably suffer again.
    Get with the program Obama! Let's re-educate the driving public and learn to carpool. If Obama rushes to supply more oil and gas, corners will most certainly be cut in praise of the almighty green back, and we will be cleaning up some other global catastrophe.

    May 14, 2011 at 9:40 am | Report abuse |
  13. musa

    i am very happy to hear this news thank you all of you.

    May 14, 2011 at 9:51 am | Report abuse |
  14. musa

    my word is people to look ahead

    May 14, 2011 at 10:02 am | Report abuse |
  15. musa

    thank you cnn news .

    May 14, 2011 at 10:07 am | Report abuse |
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