Saturday, November 21, 2009

Politics

On Offshore Oil Drilling, the Ball Is Now in Congress's Court

Bush's lifting of symbolic ban on offshore oil drilling puts added pressure on Congress to act

Posted July 14, 2008

After President Bush's largely symbolic decision to lift an 18-year-old executive moratorium on drilling for oil and natural gas along the outer continental shelf, the real question is how Congress will respond.

An offshore oil drilling platform located in the Gulf of Mexico, some 90 miles due south of Mobile, Alabama.
An offshore oil drilling platform located in the Gulf of Mexico, some 90 miles due south of Mobile, Alabama.

Bush's decision, which he called a reaction to high fuel prices and security concerns over foreign oil, leaves Congress as the primary barrier to broader domestic exploration. Since 1982, a congressional moratorium, renewed each year as part of the funding bill for the Interior Department, has restricted oil drilling off the Atlantic and Pacific coasts and in parts of the Gulf of Mexico.

Record gas prices have prompted many conservative lawmakers, including presumptive Republican presidential candidate Sen. John McCain, to embrace offshore oil drilling, arguing that even the prospect of greater production will help lower fuel costs and promote energy security. Democrats, for the most part, have scoffed at such explanations, pointing to recent Department of Energy studies showing that drilling in the outer continental shelf will have an "insignificant" impact on costs in the next two decades.

But even before the president's move, at least two recent developments suggest that Congress may be warming up to the idea. In both cases, lawmakers have quietly chipped away at the congressional moratorium. In December 2006, Congress passed the Gulf of Mexico Energy Security Act. Among other provisions, it made some 5.8 million acres in the central Gulf of Mexico available for oil leasing (pending environmental reviews) that had been previously included in the moratorium. In the Senate, where the measure originated, support was overwhelming. The bill passed, 71 to 25.

A similar case involves the North Aleutian Basin in Alaska. From 1990 to 2003, Congress annually voted to prohibit oil and natural gas drilling in the region. But in 2004, it ended the moratorium, and in 2006, the state's governor, with local support, asked Bush to remove the region from the executive moratorium. Bush happily obliged. Now the area is subject to environmental reviews and public comment before leases are sold to allow exploration.

The idea of increased drilling is popular in the polls. But resistance to the idea remains strong, particularly in light of unanswered questions about the purported benefits of renewed drilling.

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Reader Comments

Hey Omaar

Why don't you read this:

http://www.usnews.com/articles/news/world/2008/06/05/dubai-rides-the-oil-boom.html

oil leases

To Whom It May Concern,

I am interested in learning how to aquire oil leases off the N.J. shore. I know

years ago leases were aquired in something like a lottery. If this is still the case,

I would like to learn as much as possible about becoming a lease owner.

I would appreciate any and all help available.

Regards,

Richard J. Baird

There will be No Drop in Prices at the Pump, unless We use the 10-15% of Our Current (Oil Reserve) otherthan that...Deal with the Following Facts..

This Oil will go to Market and Brings what the market Bares and we'll still have High Prices to Contend with...Simple and Plain

Thats what the Big Oil Corporations and the Mass Media are Withholding from All of You.

Anyway this offshore Oil Drilling is a Farce....

Big Oil Corporations have 38 Million Offshore Oil Land Leases and they hav'nt begun to Drill on these Already Aquired Lands and Big Oil also has 68 Million Land leases to Drill for Oil....

Yet the Money Hungry Whores want More Land....

What next, an Oil Field in Every Shore, City and State....

If Big Oil Gets its way, Imminent Domain will be in "Full Effect"

Your Neighborhood will be Next !!!

Drill all You want, the Oil is Going to Market and it will Bring, what the Market Bares and America will in all liklihood, will See no Any Substantial Decrease at the Pump.

Most of our Oil Comes from (Canada) the Upper North...

Not Saudia Arabia !!

Sorry, but Facts are Facts

It will take quite some Time, to See any of this Oil, in any Event.

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