Fmr. Energy Sec.: Offshore Drilling Would Subject Crude Prices to Hurricane Whims

Former Energy Secretary Federico Pena said today that GOP proposals for more offshore oil drilling in the Gulf of Mexico could feed the fluctuation of oil prices worldwide, as hurricanes drive up prices when they threaten oil rigs.

"There are extra risks when you drill offshore, particularly in the gulf, with the seven to 10 hurricanes that hit the gulf each year," Pena said on a conference call with reporters organized by the Democratic National Committee. "Before they even strike the offshore platforms, world oil prices go up."

Once hurricanes hit oil rigs, Pena said, they disrupt the flow of oil and cause millions of dollars worth of damage to drilling infrastructure.

Pena was criticizing John McCainJohn McCainMcCain urges sports leagues to return 'paid patriotism' money Senators to Obama: Make 'timely' call on Afghan troops levels Overnight Defense: Pentagon denies troops on Syrian front lines | Senators push for more Afghan visas MORE's energy policies, which include expanded offshore drilling, and pushing Barack ObamaBarack ObamaJohn Bolton slams Obama’s ‘shameful apology tour’ Miss. governor to join lawsuit against Obama transgender policy North Korea calls Obama’s Hiroshima trip ‘childish’ MORE's energy platform on the call. Pena served as Energy secretary under President Bill ClintonBill ClintonThe Hill's 12:30 Report The Trail 2016: Interleague play Could Romanian hacker ‘Guccifer’ assist FBI’s probe of Clinton? MORE.

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