Sunday, May 30, 2010
Does the Gulf Oil Spill Make Climate Legislation More Likely or Less Likely to Pass the Senate?
Many commentators seem to think not (see, e.g., here and here), but I beg to differ. As the scale of the disaster in the Gulf comes to light, public opinion increasingly is turning against offshore oil drilling. The only way to save it from a complete ban or moratorium may be to enact the Kerry-Lieberman "American Power Act," which includes provisions allowing - even expanding - offshore oil drilling. It is at least possible that the oil industry will now get behind and help push for the climate bill (so long as the oil exploration provisions are not substantially amended or excised).