Wednesday, June 18, 2008

MCCAIN WOULD END OIL DRILLING MORATORIUM

HOUSTON CHRONICLE President Bush plans to make a renewed push to get Congress to end a long-standing ban on offshore oil and gas drilling, echoing a call by GOP candidate John McCain. . . Congress imposed the drilling moratorium in 1981 and has extended it each year since by prohibiting the Interior Department from spending money on offshore oil or gas leases in virtually all coastal waters outside the western Gulf of Mexico and in some areas off Alaska. The oil industry generally approved as Republican presidential candidate John McCain charted his policies on energy with a speech in Houston that jabbed the Bush administration, Democratic foe Barack Obama, Wall Street and oil-rich foreign regimes. McCain said the federal government should ease regulations on offshore oil drilling and refinery construction and expand the use of nuclear energy, but press for eventual reliance on alternate energy sources such as wind and sunlight.

1 Comments:

At June 19, 2008 10:09 AM, Anonymous Anonymous said...

Anyone willing to make a bet on whether a time table for "eventual reliance" will ever be set?

 

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