Tuesday, 15 July 2008 02:01

President Bush Lifts Offshore Drilling Ban

slide16.pngAnd in national news, in another push to deal with soaring gas prices, President Bush on Monday lifted an executive ban on offshore drilling that has stood since his father was president. But the move, by itself, will do nothing unless Congress acts as well. The president plans to officially lift the ban and then explain his actions in a Rose Garden statement, White House press secretary Dana Perino said. There are two prohibitions on offshore drilling, one imposed by Congress and another by executive order signed by former President Bush in 1990. The current president, trying to ease market tensions and boost supply, called last month for Congress to lift its prohibition before he did so himself. But Perino said Bush no longer wants to wait. She pinned blame on the leaders of the Democratic Congress, noting that no action has been taken on this issue. Bush's proposal echoes a call by Republican presidential candidate, Senator John McCain, to open the Continental Shelf for exploration.

Democrat Barack Obama has opposed the idea and instead argued for helping consumers with a second economic stimulus slide20.pngpackage including energy rebates, as well as stepped up efforts to develop alternative fuels and more fuel-efficient automobiles.U.S. can drill its way out a problem. Bush says offshore drilling would take pressure off prices over time. In addition, the president has proposed opening the Arctic National Wildlife Refuge for drilling, lifting restrictions on oil shale leasing in the Green River Basin of Colorado, Utah and Wyoming and easing the regulatory process to expand oil refining capacity. Congressional Democrats, joined by some GOP lawmakers from coastal states, have opposed lifting the prohibition that has barred energy companies from waters along both the East and West coasts and in the eastern Gulf of Mexico. A succession of presidents, from Bush's father - George H.W. Bush - to Bill Clinton, have sided against drilling in these waters, as has Congress each year for 27 years. Congressional Democrats have rejected the push to lift the drilling moratorium, accusing the president of hoping the Their goal has to been to protect beaches and coastal states' tourism economies.