Offshore Oil Drilling to Get Another Look in Congress

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Offshore Oil Drilling to Get Another Look in Congress

Wednesday, June 11, 2008

WASHINGTON — With oil and gas prices reaching record highs and little relief in sight, Republican members of Congress are looking at a long-sought, but so far unsuccessful plan to open American shores up to more petroleum exploration.

Rep. John Peterson, R-Pa. is leading the charge Wednesday, when he'll push for an amendment to a spending bill that would open up U.S. waters between 50 and 200 miles off shore for drilling. The first 50 miles off shore would be left alone.

"For 27 years, Congress has deliberately locked up vast offshore oil and natural gas reserves," Peterson said, according to USA Today. "With the price at the pump increasing daily — with no end in sight — and the cost of natural gas trading at record levels, Congress needs to unlock these reserves."

Most oil production and exploration has been banned since 1981.

According to Peterson's office, the U.S. Minerals Management Service estimates that 86 billion barrels of oil and 420 trillion cubic feet of natural gas can be found along the U.S. outer continental shelf, the area affected by the ban.

Peterson is not alone in his desire to open up the shelf. An effort to unlock the resources has been underway in Congress in recent years, and several interest groups are backing the effort, too.

"Tapping America's huge reserve of deep ocean energy helps us fight terrorism and increases our domestic energy supply, which will help put downward pressure on gasoline prices," Greg Schnacke, President of Americans for American Energy, said in a news release, adding: "With Americans suffering at the gas pump and with higher energy bills, it's a no-brainer that the OCS should be developed."

But the proposal has faced staunch opposition from environmental groups from states where the shorelines are under consideration for drilling, like Florida.

Sierra Club lands program director Athan Manuel told a House committee Wednesday that drilling has been unsuccessful in driving costs down.

"The disappointing part about some of the energy policies being promoted (is) that it calls for more drilling when drilling really is the problem. And all we've got to show for pretty aggressive (domestic) drilling for the last 35 years is, again, $4 for a gallon of gas," Manuel said, adding "since the first Arab oil shock in the 1970s, the U.S. has produced almost 90 billion barrels of oil since then, so we've tried drilling our way out of the problem and it just hasn't worked."

Environment Florida spokeswoman Holly Binns told the Media General news group that offshore drilling has no immediate impact on prices.

"It would take anywhere from seven to 10 years to bring those resources to shore — to have any measurable impact on supply,” Binns said, advocating renewable energy sources.

Democrats are holding their own series of events on Capitol Hill Wednesday to focus attention on global warming and energy independence, but drilling is not on the agenda. House Majority Leader Steny Hoyer, D-Md., said Tuesday ongoing calls for more drilling "is the Johnny One-Note of the Republican Party."

Not surprisingly, the issue has spilled into the ream of presidential politics as well.

Senate Minority Leader Mitch McConnell, R-Ky., criticized Democrats, including fellow Sen. Barack Obama, D-Ill., over recent comments Obama made regarding gas prices.

The comments that McConnell referred to were given during an interview with CNBC. Discussing rising gasoline prices, Obama said: "I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing.

Obama also said that "if we take some steps right now to help people make the adjustment, first of all by putting more money into their pockets, but also by encouraging the market to adapt to these new circumstances more quickly, particularly U.S. automakers, then I think ultimately, we can come out of this stronger and have a more efficient energy policy than we do right now.

McConnell, honing in on Obama's referral to "gradual" price increases, said Obama's remarks are evidence that Obama believes "rising gas prices aren't the problem. The problem, he suggested, is that they've gone up too fast. He said he would prefer a gradual adjustment."

He continued: "Whether it's shutting down domestic exploration in large areas both onshore and offshore, instituting a moratorium on oil shale development, increasing the gas tax, or refusing to pursue coal to liquids, Democrats long ago implemented a 'gradual adjustment' on gas prices that's reflected today in the $4.05 Americans are paying for a gallon of gas."

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Achmed thinks the price of gas is not a problem. The problem is that the price went up too fast. But the price is essentially good. So as long as he gets the chance to drag us down the crapper slowly, maybe we will not notice. Kinda like the frog in a pot of water that doesn't know he's boiling until it's too late. Slowly this man's underlying agenda shows. He thinks he can pull anything off as long as he does it gradually. Kinda sounds like the gun-control nuts' plans.

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I'm disturbed by the comment of " we need to put more money in people's pockets." Just how does he propose doing this? According to his campaign site he wants an annual increase on minimum wage, which would only be passed on as a price increase on every product we buy. So as I see it "putting more money in their pockets" would basically be a moot point after the insuing infaltion.

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[AUTiger1 0]

Well, it looks like it has been stopped.

http://www.foxnews.com/story/0,2933,365627,00.html