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Bush opens federal waters for drilling

On Monday, the Interior Department will release its five year offshore drilling plan, which opens up waters for drilling that have been off limits since the first Bush administration.

In particular, Bristol Bay in Alaska, which was placed off limits after the Exxon Valdez catastrophe, will be leased to oil companies for drilling. It also happens to be the location of the largest run of sockeye salmon in the world, so it's not exactly clear why the Interior department thinks the lease is a good idea.

The Bush administration's reckless behavior, which will only really benefit oil and gas companies, will extract an estimated 200 million barrels of oil from Bristol Bay. At our current consumption rates - almost 21 million barrels a day, according to the CIA Factbook - that's about 10 days worth of oil.

So it's probably ok to take the risk. Because that's a lot of oil.

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