Posted on 01/22/2009 10:12:18 AM PST by Free ThinkerNY
WASHINGTON, Jan 21 (Reuters) - U.S. President Barack Obama may order a hold on a proposal issued in the final days of the Bush administration to expand offshore drilling in previously banned areas, an Interior Department official told Reuters on Wednesday.
Shortly after being sworn in on Tuesday, Obama ordered all federal agencies and departments to halt pending regulations until they can be reviewed by incoming staff.
An Interior official said the department is waiting for clarification from the White House on whether a proposed draft of a five-year plan to lease areas in the Atlantic and Pacific waters for oil and natural gas drilling can go forward.
(Excerpt) Read more at in.reuters.com ...
You can open all the new areas you want for drilling and there will not be an expansion of domestic drilling with oil at the current price.
Bush Urges Congress to Lift Offshore Drilling Ban
http://www.foxnews.com/story/0,2933,368221,00.html
June 18, 2008
Democrats to Let Offshore Drilling Ban Expire, Conceding Defeat in Battle With GOP
http://www.foxnews.com/politics/2008/09/23/democrats-let-offshore-drilling-ban-expire-conceding-defeat-battle-gop/
September 23, 2008
Nailed it !
Knowing in 4 months they would re-new the Offshore Drilling Ban.
Renew..........Not re-new
sorry :(
Wow, wonderful news. Now my oil company stocks will go to the moon again. Thanks Barack.
So we can blame Zero when the price of gas goes back to $4.00 gallon? Oh, I forgot, Zero’s ban on offshore drilling will somehow be Bush’s fault.
Then maybe domestic oil drilling will be profitable again.
This will be the issue that eventually (not a moment too soon)will bring down Obama and the left wing!
Depends on your POV:
http://www.foxnews.com/politics/2008/09/24/house-votes-end-ban-offshore-oil-drilling/
Message to all oil companies: Do NOT invest in the USA, they no longer have credit and they can’t be trusted. Up the price now!
Message to Stock Market: Full crash now, get your bailouts, invest in foreign markets only, the USA is no longer worth the risk.
Message to our foreign enemies: You have kicked our a—es, we surrender.
Of course!....the liberal wet dream is to get oil to $10.00 a gallon!
Who would have thunk!!
WE THE GOOD CITIZENS OF THE U.S. ARE GOING TO BE HELD HOSTAGE ONCE AGAIN....THANK YOU BAMA FOR LOOKING OUT FOR OUR BEST INTERESTS....NOT....
they are already up over 30cents a gallon in daytona beach over the last 2 to 3 weeks....during that time oil was at 37 to 39 a barrel and rose to 50 for a day or 2 and then back to around 33 the other day to about 41 today....not a word has been reported on what has caused the gas price to go up at least i have not seen a reason reported...has anyone else...??...
This bill did not open every thing up like letting the original ban simply expire.
This included letting the states decide if offshore drilling could approach 50 miles, even though their control stops at 3 miles. If each state did not agree, then the drilling was limited to 100 miles away from shore. It also tried to impose other restrictions.
In my opinion, this was attempt at political grandstanding days away from the Ban expiring at the end of September while still making it nearly impossible to drill.
I realize that. I was assuming when edcoil said “congress voted” on it, he meant the House.
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