He will also place some new restrictions on drilling in Alaska.
http://news.yahoo.com/s/ap/20100331/...obama_drilling
WASHINGTON In a reversal of a long-standing ban on most offshore drilling, President Barack Obama is allowing oil drilling off Virginia's shorelines and considering it for a large chunk of the Atlantic seaboard. At the same time, he's rejecting some new drilling sites that had been planned in Alaska.
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Obama was set to announce the new drilling policy Wednesday at Andrews air base in Maryland. White House officials pitched the changes as ways to reduce U.S. reliance on foreign oil and create jobs both politically popular ideas but the president's decisions also could help secure support for a climate change bill languishing in Congress.
The president, joined by Interior Secretary Ken Salazar, also was set to announce that proposed leases in Alaska's Bristol Bay would be canceled. The Interior Department also planned to reverse last year's decision to open up parts of the Chukchi and Beaufort seas. Instead, scientists would study the sites to see if they're suitable to future leases.