Climate News Live

McCain Wants Offshore Drilling

http://www.boston.com/news/nation/articles/2008/06/18/mccain_calls_for_lifting_ban_on_offshore_drilling/?page=1

McCain has been considered one of the more "environmentally-friendly" Republicans in Congress, but his speech yesterday is sure to anger his allies both on the Hill and off. He says that in order to lower oil prices, we need to lift the ban on offshore drilling. Currently only a few places in the Gulf of Mexico and around Alaska permit this. McCain wants to give power to the states to regulate drilling off their coasts.

"With gasoline running at more than four dollars a gallon, many do not have the luxury of waiting on the far-off plans of futurists and politicians," McCain told cheering political leaders and oil industry executives in Houston yesterday. "We have proven oil reserves of at least 21 billion barrels in the United States. But a broad federal moratorium stands in the way of energy exploration and production. And I believe it is time for the federal government to lift these restrictions and to put our own reserves to use."

President Bush also supports McCain's idea, but unlike the Commander-in-Chief, McCain still opposes drilling in the Arctic National Wildlife Refuge. Democrats have blasted McCain, who wanted to uphold the moratorium in 2000 before our current energy costs began to surge.

Boston Globe; June 18, 2008

Submitted by B.Shapiro

| | Comments (0) | TrackBacks (0)

0 TrackBacks

Listed below are links to blogs that reference this entry: McCain Wants Offshore Drilling.

TrackBack URL for this entry: http://www.benefitsbizblog.com/mt/mt-tb.cgi/1004

Leave a comment

About this Entry

This page contains a single entry published on June 18, 2008 5:16 PM.

Climate Change: Inaccurate or the Inconvenient Truth? was the previous entry in this blog.

U.S. Intelligence Agencies Analysis on Climate Change Predicts a Grim Future: is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 4.01