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[Bush] called on the Democratic-run Congress to follow his example and lift a ban on offshore drilling to help increase domestic oil production.
"I readily concede it won't produce a barrel of oil tomorrow, but it will reverse the psychology," Bush told a White House news conference.
During his last run for the presidency, in 1999, McCain supported the drilling moratorium, and he scolded the “special interests in Washington” that sought offshore drilling leases.
Yesterday, he announced that those very same “moratoria should be lifted” and proposed incentives for the states “in the form of tangible financial rewards, if the states decide to lift those moratoriums.”
"The current moratorium, which President Bush's father imposed, applies to just 20 percent of the known oil and gas resources located in our Outer Continental Shelf.
While 80 percent of known oil and gas resources that are technologically recoverable in the Outer Continental Shelf are available for drilling right now, energy companies have chosen to not produce on those acres.
Instead, the energy companies are letting those leases, which they own, sit idly until the price of oil soars to $200 or $300 per barrel so that they can drill on them later and generate even larger profits down the road.
No solutions. Just feelings.
John McCain should endorse this message. 2008
The moratorium won't do a damn thing for gas prices. And George W. Bush just admitted it.
Originally posted by Cowgirlstraitup7
reply to post by Dronetek
We have the land, we have the permits, we just won't do it! Explain that one to me.
We also have alternatives, remember the electric car? Have you seen the movie "What happened to the electric car".
Seriously you are just spouting crap you see on tv and do no research.
[edit on 15-7-2008 by Cowgirlstraitup7]
[edit on 15-7-2008 by Cowgirlstraitup7]
Originally posted by Cowgirlstraitup7
I tried twice to edit my post and add a link to what I was talking about but it didn't work, here is the link to our untapped oil we aren't drilling on. Sorry for not including it first.
money.cnn.com...
Originally posted by Cowgirlstraitup7
While I support Obama, I really do wish their was a third choice. Ron Paul for instance.
Originally posted by Andrew E. Wiggin
2001 national average for gasoline per gallon: $1.20
2008 national average for gasoline per gallon: $4.11.....
and now its the democrats fault?