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Latest United States offshore drilling debate Stories

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2008-07-14 15:00:00

WASHINGTON -- President Bush, in a largely symbolic move, today lifted an executive order barring oil and gas drilling in much of the federal waters offshore. But since Congress has its own drilling moratoriums in place, the move itself won't open new areas for offshore producers to explore. Instead, Bush's decision to remove the presidential ban amid record gasoline prices ratchets up the political pressure on the Democratic-controlled Congress to grant oil and gas companies greater access...

2008-07-14 12:00:55

By MELISSA NELSON Record crude oil prices are fueling support for once-barred offshore drilling. PENSACOLA, Fla. -- Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide. No more. Record crude oil prices are fueling support for oil and natural gas exploration off the nation's shores. In Florida, movement was underway even before President Bush called on Congress last month to...

2008-07-13 12:00:18

By Associated Press WASHINGTON -- President Bush on Saturday tried to pin the blame on Congress for soaring energy prices and said lawmakers need to lift long-standing restrictions on drilling for oil in pristine lands and offshore tracts believed to hold huge reserves of fuel. "It's time for members of Congress to address the pain that high gas prices are causing our citizens," the president said. "Every extra dollar that American families spend because of high gas prices is one less...

2008-07-12 12:00:28

By Anna Ferguson, The Brunswick News, Ga. Jul. 12--Offshore Coastal Georgia could play some role in the nation's resolution to the soaring gas prices, or at least some in Washington, D.C., think so. Finding solutions to the demand for oil has become a top priority for policy-makers, with off-shore drilling topping just about every list of possible remedies. Whether it would viable, wise or even practical, though, depends on who's asked. A moratorium has been in place in the...

2008-07-11 18:00:31

To: NATIONAL EDITORS Contact: Brendan Daly or Drew Hammill, +1-202-226-7616, both of the Office of the Speaker of the House WASHINGTON,July 11/PRNewswire-USNewswire/--Speaker Nancy Pelosi released the following statement today in response to President Bushs comments on the economy and energy at a media availability at the Department of Energy this morning: The President once again refused to take responsibility for his disastrous economic and energy policies that have pushed our...

2008-07-09 15:00:31

Houston oilman Danny S. Davis, president and CEO of Escopeta Oil, is convinced that those seeking a solution to America's current oil crisis are looking in the wrong direction. Instead of looking forward, they should be looking back - to the 1960's and 1981. Davis has more than 30 years of experience in all aspects of leasing, drilling and operating in the energy arena. Presently Escopeta is the third largest leaseholder in the Cook Inlet Basin, Alaska with 130,000 acres under lease....

2008-07-09 03:00:27

PENSACOLA, Fla. - Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide. No more. Record crude oil prices are fueling support for oil and natural gas exploration off the nation's shores. In Florida, movement was under way even before President Bush called on Congress in June to lift a federal moratorium that has barred new offshore drilling since 1981. Early activity in...

2008-07-08 09:01:00

By Jacqueline L. Urgo, The Philadelphia Inquirer Jul. 8--BELMAR, N.J. -- With the Atlantic Ocean in the background, Gov. Corzine and other New Jersey Democrats yesterday decried a Republican effort to lift a federal moratorium on offshore oil and natural-gas drilling and called for a permanent ban. The 127-mile-long Jersey Shore is one of the state's "signature assets" that drives $37 billion a year in tourism, Corzine said. That could be irreparably harmed if an accident or spill...

2008-07-08 00:00:24

By Melissa Nelson PENSACOLA, Fla. - Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared that even the slightest sign of support would be career suicide. No more. Record crude oil prices are fueling support for oil and natural gas exploration off the nation's shores. In Florida, movement was underway even before President Bush called on Congress last month to lift a federal moratorium that's barred new offshore drilling since 1981....

2008-07-07 03:00:30

By Bahr, Emilie For years, Don Briggs has predicted an end to the decades-old ban on oil and gas drilling in the eastern Gulf of Mexico, looking forward to the change as a boon to the state's energy industry. "When gasoline gets to be $5 a gallon," said Briggs, president of the Louisiana Oil and Gas Association, "no one is gonna care what the people of Florida think about a drilling rig off their coast." With gasoline at $4 a gallon and rising, Briggs believes that day is within reach. It...


Word of the Day
endocarp
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'kardia,' heart.
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