President Barack Obama announced last month that the federal government will allow exploration and development for oil and gas in offshore waters that have been closed to drilling for decades. Predictably, the move was blasted by many in the environmental community for extending the national addiction to oil and criticized by some on the right for not going far enough to authorize domestic offshore drilling immediately. In reality, the administration's decision was just right — a reasonable, cautious move toward expanded drilling in U.S. waters that is one part of a comprehensive energy strategy, the first such energy strategy the country has had since the Carter administration. It's also an acknowledgment of the plain fact that drilling in deep water can now be done safely, with minimal environmental impact.
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