Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive (part 2)

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive

Read more

FOCUS

Ireland's missing babies casting light on a dark history...

Read more

WEB NEWS

World Cup 2014: Germany-Brazil inspires the Web

Read more

THE INTERVIEW

Boutros-Ghali: 'I wanted to reform the UN'

Read more

IN THE PAPERS

57 000 little problems

Read more

IN THE PAPERS

The Sarkozy 'threat'

Read more

BUSINESS DAILY

Budget challenge for India's new government

Read more

DEBATE

Africa's Newest Failed State: How to Stop Civil War and Famine in South Sudan? (part 2)

Read more

  • French companies will have to accept anonymous CVs

    Read more

  • Germany asks US intelligence station chief to leave country

    Read more

  • Death toll rises in Gaza as militants target Israeli cities

    Read more

  • Video: Muslims in China confront obstacles to Ramadan fasting

    Read more

  • Tour de France passes WWI Chemin des Dames battlefield

    Read more

  • Senegalese man awarded French visa in gay marriage debate

    Read more

  • Israel steps up airstrikes as diplomacy gets under way

    Read more

  • Argentina beat Netherlands on penalties to reach World Cup final

    Read more

  • Foiled French jihadist ‘targeted Louvre and Eiffel Tower’

    Read more

  • Obama in Texas to urge congressional action on child migrant crisis

    Read more

  • Iraq’s heritage 'in danger' from ISIS militants

    Read more

  • Froome crashes out of Tour de France

    Read more

  • South Sudan independence heroes ‘have lost their way’

    Read more

  • 100 years on, the Tour de France returns to the Western Front

    Read more

  • Dozens of blindfolded bodies found south of Baghdad

    Read more

Bush wants to re-open offshore drilling

©

Latest update : 2008-06-19

President George W. Bush urged the US Congress to re-open offshore oil drilling on the east and west coasts, banned for more than a decade. If opened it would take another decade to develop these fields.

Read Douglas Herbert's blog "Bush's drilling disaster".

 

WASHINGTON, June 18 (Reuters) - President George W. Bush on
Wednesday urged Congress to end a ban on offshore oil drilling,
seeking to address rising consumer angst over record-high
gasoline prices with a plan sure to anger environmentalists.
 

"Every American who drives to work, purchases food or ships
a product has felt the effect, and families across the country
are looking to Washington for a response," Bush said.
 

As average U.S. pump prices pierced the $4-a-gallon level
for the first time this month, energy policy has become a key
issue in the presidential race ahead of November elections.
 

Bush said opening federal lands off the U.S. east and west
coasts -- where oil drilling has been banned by both an
executive order and a congressional moratorium since the early
1990s -- could yield about 18 billion barrels of oil.
 

That's enough to meet current U.S. consumption for about 2
1/2 years, but it likely would take a decade or more to find
the oil and produce it.
 

Bush's latest drilling plan comes as lawmakers on Capitol
Hill wage a war of words over who is to blame for record-high
gasoline prices.
 

Republicans and Bush have repeatedly blamed Democrats for
blocking legislation that opens offshore lands and the Arctic
National Wildlife Refuge in Alaska to drilling.
 

"Democrats on Capitol Hill have rejected virtually every
proposal, and now Americans are paying the price at the pump
for this obstruction," Bush said.
 

About 60 percent of Americans support government moves to
encourage more oil drilling and refinery construction as a way
to combat soaring energy prices -- but the same number also
profess to be in favor of conservation, according to a
Reuters/Zogby poll released on Wednesday.
 

Republicans, including presidential candidate John McCain
who announced his position this week after opposing it in the
past, increasingly support lifting the ban on offshore oil
drilling.
 

Barack Obama who is running for president, and fellow
Democrats, oppose it over environmental concerns and say such
action would have little immediate impact on fuel prices.
 

Bush's statement was the latest in a long-running blame
game between Democrats and Republicans over who shoulders the
blame for high fuel prices.
 

"I know the Democratic leaders have opposed some of these
policies in the past. Now that their opposition has helped
drive gas prices to record levels, I ask them to reconsider
their positions," Bush said.
 

Environmental groups have long opposed expanded offshore
oil drilling, raising concerns about the dangers to fragile
ecosystems as well potential for oilspills that could mar the
U.S. coastline.
 

"The Bush-McCain plan is a gift to the oil companies that
endangers the economic and environmental health of the Jersey
Shore and our entire state," said Sen. Frank Lautenberg, a New
Jersey Democrat.
 

Bush also proposed an end to the ban on oil shale drilling,
and said the United States needs to expand its refining
capacity and proposed measures to speed up federal approval of
refinery building permits.

Date created : 2008-06-19

Comments

COMMENT(S)