TV Schedule

Oil Drilling

  • Public Topic: Everyone is invited to contribute to Oil Drilling

    • John McCain Wants to Drill in Your Toilt: Part 11, by Dean Baker, Truthout

      by Dean Baker, Truthuout "Two months ago, I wrote a column saying that John McCain wants to drill in your toilet. I was joking at the time, but that comment turned out to be pretty much accurate. The Republicans' top slogan going into the fall elections is "drill here, drill now." It all depends on your definition of "here."

      Anyhow, the basic point is straightforward. There is very little oil potentially available in the areas in which the Republicans are anxious to drill here and now. The Energy Information Agency (EIA) - remember, these people work for President Bush - tells us that the oil in the offshore-protected areas will eventually add about 0.2 percent to world's oil output. This would be sufficient to lower the price of gas by 3-4 cents a gallon. "Rest of the article at link above
      by Dean Baker, Truthuout "Two ... more

      SeaJade

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      1 day ago
    • McCain Drilling Plan: Pump Oil Directly into Ocean

      John McCain announced today a plan for offshore rigs to pump oil directly into the ocean. [more] --TheSkunk.org

      TheSkunk

      added this

      5 responses

      21 hours ago
    • Shock doctrine opens way for oil drilling

      Naomi Klein on disaster capitalism.

      "Corporations are built to be opportunistic. That's their mission. If there's an opportunity, they must take advantage of it, and it's in the interests of their shareholders, and they shouldn't be sentimental about it. So that's what capitalism is supposed to do: take advantage of opportunities. What I'm talking about, and what I mean by disaster capitalism, is a political strategy."

      Naomi Klein is an award-winning journalist, syndicated columnist and author of the international and New York Times bestseller The Shock Doctrine: The Rise of Disaster Capitalism. Klein's previous book No Logo: Taking Aim at the Brand Bullies was also an international bestseller. Klein is a former Miliband Fellow at the London School of Economics and holds an honorary Doctor of Civil Laws from the University of King’s College, Nova Scotia. For more information on The Shock Doctrine visit http://www.naomiklein.org/main
      Naomi Klein on disaster capitalism. ... more

      Vierotchka

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      4 days ago
    • A Balanced View of Offshore Drilling

      While the newsletter editor, for personal reasons and views, opposes off-shore drilling for the US, a few of the references he makes are, I think, missing from reports and comments from others here at Current.



      "The Washington Post itself responded to the NRDC Action Fund ad in a nice editorial yesterday. It said that environmentalists made some excellent points in the debate over whether the U.S. should drill off its shores. It agreed that "the Arctic National Wildlife Refuge, with its varied and sensitive ecosystems, should be preserved. . . . That pristine area must remain off-limits."



      However, it challenged "three 'truths' masquerading as fact among drilling opponents" in a quick list:


      Drilling is pointless because the United States has only 3 percent of the world's oil reserves.

      This refers only to known oil reserves, and most of our estimates are old and were made with outdated equipment. "In short, there could be much more oil under the sea than previously known."


      The oil companies aren't using the leases they already have.

      This one is just a myth. Oil companies have spent hundreds of millions of dollars exploring and constructing infrastructure to bring oil to market. Just because a lease is not yet producing the 130,000 barrels of oil a day to be deemed "active" doesn't mean it's being sat upon. "With oil prices still above $100 a barrel, that charge never made sense."


      Drilling is environmentally dangerous.

      Safety measures are pretty good these days. According to the Interior Department's Minerals Management Service, "between 1993 and 2007, there were 651 spills of all sizes at OCS facilities (in federal waters three miles or more offshore) that released 47,800 barrels of oil. With 7.5 billion barrels of oil produced in that time, that equates to 1 barrel of oil spilled per 156,900 barrels produced. That's not to minimize the danger. But no form of energy is perfect or without trade-offs.

      Besides, if it is acceptable to drill in the Caspian Sea and in developing countries such as Nigeria where environmental concerns are equally important, it's hard to explain why the United States should rule out drilling off its own coasts."


      The editorial concludes:

      No, the United States cannot drill its way to energy independence. But with the roaring economies of China and India gobbling up oil in the two countries' latter-day industrial revolutions, the United States can no longer afford to turn its back on finding all the sources of fuel necessary to maintain its economy and its standard of living. What's required is a long-term, comprehensive plan that includes wind, solar, geothermal, biofuels and nuclear -- and that acknowledges that oil and gas will be instrumental to the U.S. economy for many years to come."




      Now, I'm certain that the "deniers" here will immediately label these comments as lies and "sock-puppet comments", it would not surprise me at all.

      By the way, I am retired living on IRA and Social Security money, and am not, nor have I ever been employed by ANY company involved with the oil industry. Fourteen years in solid state physics and power transistor sales support and 23 years in sales support and marketing for a minicomputer manufacturer. Yes, we sold many computers to oil companies. They used them in the search for oil. I own oil and natural resource stocks in our IRAs. Out of well over 100 equities and bonds, no one stock comprises more than 1-2% of our total holdings. So I'm not a shill for the companies, either. If ten of them went out of business tomorrow, it wouldn't be much worse than a REALLY bad day on Wall Street.

      ok, start slinging....
      While the newsletter editor, for personal reasons and views, opposes off-shore drilling for the US, a few of the references he makes a... more

      plusaf

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      3 days ago
    • HexxonBobo

      Spoof on those annoying ExxonMobil commercials.

      noisivision

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      6 days ago
    • Rush to Arctic as warming opens oil deposits

      It’s a scramble for the spoils of global warming as the rapid melting of Arctic sea ice is opening access to previously unreachable deposits of oil and gas, setting off a race by northern nations - including the United States, Canada and Russia - to claim them.

      The pursuit of those resources will be underscored this week as the U.S. Coast Guard cutter Healy sails north from Barrow, Alaska, on Thursday to map the sea floor of the Chukchi Cap, an area at the northern edge of the Beaufort Sea. The maps could bolster U.S. claims to the area as part of its extended outer continental shelf.

      The U.S. Geological Survey confirmed last month what the oil industry had long suspected when the agency released an estimate that the area north of the Arctic Circle may hold as much as 90 billion barrels of oil and 1,669 trillion cubic feet of natural gas, or roughly 13 percent of the world’s total undiscovered oil and 30 percent of the undiscovered natural gas.

      The dash to stake out territory across the Arctic has accelerated since Russia sent one of its submarines last August to plant the country’s flag on the sea floor beneath the North Pole, provoking an outcry by other nations that viewed it as an unauthorized land grab.

      Earlier this month, Canadian officials at a geology conference in Norway detailed their territorial claims to the Lomonosov Ridge, an underseas mountain range that runs beneath the North Pole. Canada argues that the ridge is part of the North American continent, not part of Siberia, as Russia has asserted.

      These northern powers are all rushing to complete assessments of how far their underseas territory may extend. Under international law, countries control all natural resources within the “exclusive economic zone,” which extends 200 nautical miles offshore. But if a country’s continental shelf extends far into the ocean, the nation can claim underseas land up to 350 miles offshore under the U.N. Convention on the Law of the Sea.

      The United States has signed the Law of the Sea Treaty, but the Senate has not ratified it. Margaret Hayes, who directs the State Department’s Office of Oceanic Affairs, said on a conference call Monday that while the United States moves toward ratifying the treaty, it must gather all the scientific data it will need to justify its territorial claims.

      During the Healy’s three-week voyage, scientists from National Oceanic and Atmospheric Administration and University of New Hampshire will use a device called an echo sounder to create a three-dimensional map of the sea floor. The Healy will make a second voyage, from Sept. 6 to Oct. 1, carving a path through the ice, while a Canadian ship, the Louis S. St. Laurent, follows, gathering seismic data about the thickness of the sediments along the sea floor.

      While it’s a scientific mission, USGS scientist Deborah Hutchison acknowledged that oil companies will be eager to see the results, which could yield major clues about the size and location of oil and gas deposits.

      Alaska favors drilling
      Alaskan officials, who rely on oil revenue and face declining oil fields along the North Slope, see more Arctic drilling as a way to keep the state’s oil economy afloat. While the Atlantic and Pacific coasts have been off-limits to drilling under a federal ban for nearly three decades, the Interior Department is already leasing areas of the Beaufort Sea and Chukchi Sea.

      Environmentalists warn of the perils of oil exploration in the region. Critics say that conditions in the Arctic - shortage of natural light in winter, extreme cold, moving ice floes and high winds - make it extremely difficult to respond to an oil spill.


      The voyage of the Healy this week is being made possible by the swift melting of the sea ice. Last year, Arctic sea ice retreated at a record-setting pace.
      It’s a scramble for the spoils of global warming as the rapid melting of Arctic sea ice is opening access to previously unreachable de... more

      kbclef

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      13 responses

      1 day ago
    • Offshore Drilling = Snake Oil

      Beware! The GOP is using this tactic to drive a wedge between the public! They claim that Democrats, and Obama are causing gas prices to rise, due to their opposition to off shore drilling. FACT: We would not profit from, or see fuel prices drop due to off-shore drilling for 10-20 years, if at all!

      Don't buy this. It's a lie, and one that the short-sighted GOP hopes the American public will fall for!
      Beware! The GOP is using this tactic to drive a wedge between the public! They claim that Democrats, and Obama are causing gas prices ... more

      benjaminV

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      16 responses

      9 days ago
    • EXXON MADE BIGGEST QUARTERLY PROFIT IN US HISTORY

      Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares fell.

      The world's largest publicly traded oil company said net income for the April-June period came to $2.22 a share, up from $10.26 billion, or $1.83 a share, a year ago.

      Revenue rose 40 percent to $138.1 billion from $98.4 billion in the year-earlier quarter.

      Excluding an after-tax charge of $290 million related to an Exxon Valdez court settlement, earnings amounted to $11.97 billion, or $2.27 per share.

      Analysts on average expected Exxon Mobil to earn $2.52 a share on revenue of $144 billion, according to a survey by Thomson Financial. The estimates typically exclude one-time items.

      The record-setting results were largely expected, given that crude prices in the second quarter were nearly double what they were a year ago. Natural gas prices were significantly higher too.

      But investors expected even bigger profits Thursday, especially after Europe's Royal Dutch Shell reported a 33 percent jump in second-quarter earnings to $11.6 billion, which fell just shy of Exxon's own record earnings from 2007.

      Exxon Mobil shares fell $2.24, or 2.6 percent, to $82,14 in morning trading.

      Story continues below
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      Setting U.S. profit records has become commonplace for Irving-based Exxon Mobil. The $11.68 billion topped its own U.S. record of $11.66 billion, posted in the fourth quarter of last year. Right behind that was the $10.9 billion it reported to start 2008.

      Exxon Mobil owns the record for at least the top six most-profitable quarters for a U.S. company, as well as the largest annual profit.

      The company, which produces 3 percent of the world's oil, got its biggest boost from its exploration and production arm, where earnings rose 68 percent to $10.01 billion from $5.95 billion a year ago. The main driver was record crude prices, partially offset by lower sales volumes and higher operating costs.

      Once again, Exxon Mobil's results revealed a troubling trend at the heart of its business.

      Production on an oil-equivalent basis fell 8 percent from a year ago _ a significant blow for a company that generates more than two-thirds of its earnings from oil and gas production. That follows an opening quarter of 2008 when the company said overall production fell 5.6 percent from a year ago.

      Excluding last year's loss of its Venezuelan assets, a labor strike in Nigeria and lower volumes because of production-sharing contracts, Exxon said production was down about 3 percent in the most-recent quarter.

      Like its competitors, Exxon Mobil said it took a beating from lower global refining margins. Earnings from refining and marketing fell 54 percent in the quarter to $1.55 billion.

      For the first six months of 2008, Exxon Mobil said it earned $22.57 billion, or $4.25 a share, from $19.54 billion, or $3.45 a share, in the first half of 2007. Revenue rose to $254.9 billion from $185.5 billion.
      Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporati... more

      pigmonkey

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      4 days ago
    • Bush lifts ban on offshore drilling

      WASHINGTON (CNN) -- President Bush lifted an executive order banning offshore oil drilling on Monday and urged Congress to follow suit.

      If President Bush can persuade Congress, more oil rigs like this one off Canada could appear off U.S. shores.

      Citing the high prices Americans are paying at the pump, Bush said from the White House Rose Garden that allowing offshore oil drilling is "one of the most important steps we can take" to reduce that burden.

      However, the move is largely symbolic as there is also a federal law banning offshore drilling.

      "This means that the only thing standing between the American people and these vast oil reserves is action from the U.S. Congress," Bush said. Watch Bush announce lifting of ban »

      Bush has been pushing Congress to repeal the law passed in 1981.

      "There is no excuse for delay," the president said in a Rose Garden statement last month. iReport.com: Is drilling the answer?

      "In the short run, the American economy will continue to rely largely on oil, and that means we need to increase supply here at home," Bush said, adding that there is no more pressing issue for many Americans than gas prices.
      WASHINGTON (CNN) -- President Bush lifted an executive order banning offshore oil drilling on Monday and urged Congress to follow suit... more

      haredx

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      10 responses

      23 days ago
    • 'This is the dirtiest oil in the world'

      What happens when the world's biggest oil companies target a northern wilderness?

      merasyad

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      1 response

      1 month ago
    • Bush Lifts Ban on Offshore Drilling

      President Bush today lifted a presidential ban on offshore oil drilling on the outer continental shelf that was implemented by his father, escalating a confrontation with Democrats in Congress over how to cope with soaring gasoline prices.

      People should be up in arms!


      Lifting the executive moratorium has no immediate practical effect, because Congress enacted its own prohibition on offshore drilling in 1981. It would have be to rescinded for exploration to proceed.

      Bush first called on Congress to lift its drilling ban last month, saying he would simultaneously rescind the executive ban issued by his father in 1990. But he said today that he decided to act now because Democrats have failed to schedule any hearings or take the issue seriously.
      President Bush today lifted a presidential ban on offshore oil drilling on the outer continental shelf that was implemented by his fat... more

      Psychedelic

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      14 days ago
    • Relief In Gas Prices On The Horizon

      With a record price of $4 per gallon for gas, and a decline in driving, maybe the prices will finally drop

      zazzykat

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      3 responses

      1 month ago
    • Relief from rising gas prices?

      Republicans have suggested that opening oil drilling in the US is the way to get relief from rising gas prices.

      AlexKoppelman

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      3 responses

      11 days ago
    • Mccain, like Bush, calls for lifting US ban on coastal oil drilling

      Arizona Senator John McCain plans to call today for lifting the ban that prevents offshore oil and gas drilling along much of the US coastline - but would give states like Florida veto power over opening up their shores.

      McCain, who plans to unveil his proposal in detail today, said yesterday that lifting the decades-old moratorium should be a "very high priority" with gasoline prices soaring.

      He said that allowing states to explore for gas and oil "and perhaps providing additional incentives for states to permit exploration off their coasts ... would be very helpful in the short term in resolving our energy crisis".

      House Republicans are waging an increasingly aggressive push to lift both a congressional and a presidential ban that prevent exploration of the coastline. An effort to lift the ban was defeated along partisan lines Wednesday in a House subcommittee meeting, but its sponsor plans to try again this week.

      Democrats assailed McCain's proposal. Hari Sevugan, a spokesman for Barack Obama, said McCain's "plan to simply drill our way out of our energy crisis is the same misguided approach backed by President Bush that has failed our families for too long and only serves to benefit the big oil companies".

      Florida lawmakers have long opposed any efforts to open the coastline to drilling and Senator Bill Nelson said that "any approach to weaken the moratorium on coastal oil drilling is irresponsible".

      "There isn't enough oil in the US to make even the smallest dent in world oil prices, which largely are being run up by unregulated traders and speculators, including the oil companies," the Democratic senator said.

      Ken Lundberg, a spokesman for Senator Mel Martinez, a Republican who has worked with Nelson to fend off efforts to explore the coast, said Martinez was "very sympathetic to the desire to increase domestic production" and was interested in seeing the details of McCain's plan.

      Congress has approved bans on offshore oil and gas leasing since the 1980s, allowing exploration only in the far western Gulf of Mexico and some parts of Alaska.

      There's also a presidential ban on exploration or drilling, which lasts until 2012.

      Facing similar pressure to open up more of the coastline to exploration, Florida's congressional delegation in December 2006 reached a compromise to give up eight million acres in the Gulf of Mexico in exchange for the state getting at least a 125-mile buffer zone from drilling.

      House Republicans have pushed an effort to allow for drilling within 50 miles of the coastline; McCain said yesterday that the distance should be the "subject of negotiation and discussion".

      "I'm not dictating to the states that they drill or they engage in oil exploration," he said at a news conference at his campaign headquarters in Alexandria, Virginia. "I am saying that the moratoria should be lifted so that they have the opportunity to do so."

      McCain came under fire in Florida recently for opposing a national catastrophe insurance pool and voting against a bill that included money for restoring the Everglades, and his campaign stressed today to reporters that his push to open the coastline would allow states to make the call.

      But he did not offer details on whether it would be up to state governors or legislatures. And it remains uncertain whether state officials would remain united in opposition to drilling, given the pressure.

      Florida Governor Charlie Crist, who has endorsed McCain, sidestepped the issue last week when asked whether he would support oil drilling off Florida's coast.

      "Number one, I don't like it," he said, "But nor do I like the price of gas and I don't think the people of Florida are enjoying it either."
      Arizona Senator John McCain plans to call today for lifting the ban that prevents offshore oil and gas drilling along much of the US c... more

      pigmonkey

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      9 days ago
    • Bush calls for lifting of ban on Alaska oil drilling

      George Bush, responding to public alarm over soaring petrol prices, yesterday proposed overturning decades-old bans on drilling for oil off the US coast and in the pristine Alaskan wilderness. "There's no excuse for delay," the president told a White House press conference. America was too dependent on countries abroad, many of them in unstable regions.

      "Congress must face a hard reality: unless members are willing to accept gas prices at today's painful levels, or even higher, our nation must produce more oil. And we must start now," he said.

      Expanding oil extraction off the coast would provide 18bn barrels, enough to supply the US for more than two years. As for Alaska, he said advances in technology meant that oil could be extracted from the Arctic National Wildlife Refuge with "virtually no impact" on the land or wildlife.

      His other proposals included extraction of oil from shale in the Green River Basin that lies in Colorado, Utah and Wyoming - a move opposed by environmentalists. Finally, he wants more oil refineries in the US, to reduce imports of refined oil.

      The plan has almost no chance of being adopted. Congress, which is controlled by the Democrats, has consistently blocked exploration, for environmental reasons.

      The Senate majority leader, Harry Reid, accused Bush of cynicism, saying the US could not drill its way out of the problem. "The math is simple: America has just 3% of the world's oil reserves, but Americans use a quarter of its oil," Reid said.

      Bush's proposals are primarily political in a presidential election year in which petrol prices are one of the top issues. The Republican presidential candidate, John McCain, told oil executives in Houston on Tuesday that the ban on oil drilling in coastal waters should be lifted. This is the first major example of McCain and the White House working in tandem.

      The Democratic candidate, Barack Obama, opposes the plan, saying it would take a decade before the predicted oil flow would begin. "This is not something that's going to give consumers short-term relief and it is not a long-term solution to our problems," Obama said.

      The issue is politically risky for both Obama and McCain. A Reuters/Zogby poll released yesterday showed 60% of Americans support more oil drilling and refinery construction, but the same percentage also say they favour conservation.

      In states such as California, where oil companies would like to drill offshore, polls in the past suggest more than 60% are opposed to drilling, with a serious oil spillage in 1969 still remembered. In Florida, one of the key swing states, oil drilling is a sensitive issue too. A poll published yesterday put Obama ahead in the state for the first time, on 47% to McCain's 43%.

      Speaking to reporters, Bush, who has close family and business links with the oil industry, said: "Families across the country are looking to Washington for a response." He blamed Democratic opposition for the high petrol 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."

      Obama was scheduled to hold his first meeting later in the day in Washington with a working group on national security, advisers who will meet regularly until the election and will form a pool from which he could pick foreign specialists for his administration. The group includes Bill Clinton's former secretary of state, Madeleine Albright, and Obama's two main foreign affairs advisers, Tony Lake and Susan Rice. He is to meet afterwards with about 40 former admirals and generals to discuss Iraq, Afghanistan and other potential conflicts.
      George Bush, responding to public alarm over soaring petrol prices, yesterday proposed overturning decades-old bans on drilling for oi... more

      pigmonkey

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      14 days ago
    • Bush: end ban on oil drilling , McCain agrees, Obama fights back

      George Bush and John McCain agree, offshore Oil Drilling is a good idea, and they want to end the ban.
      -------------------------------
      WASHINGTON — President Bush, reversing a longstanding position, will call on Congress on Wednesday to end a federal ban on offshore oil drilling, according to White House officials who say Mr. Bush now wants to work with states to determine where drilling should occur.

      The party’s presumptive presidential nominee, Senator John McCain of Arizona, used a speech in Houston on Tuesday to say he now favors offshore drilling, an announcement that infuriated environmentalists who have long viewed him as an ally.


      Senator Harry Reid, the Democratic leader, responded by calling the vice president “Oil Man Cheney,” saying: “So all that Cheney can talk about, the Oil Man Cheney can talk about, is drilling, drilling drilling. But there is not enough oil in America to make that the salvation to our problems.”

      After hearing of Mr. Bush’s proposal on Tuesday night, Mr. Reid affirmed his opposition, saying, “The Energy Information Administration says that even if we open the coasts to oil drilling that won’t have a significant impact on prices.”

      And the House speaker, Nancy Pelosi, said, “The president’s proposal sounds like another page from the administration’s energy policy that was literally written by the oil industry: give away more public resources to the very same oil companies that are sitting on 68 million acres of federal lands they’ve already leased.”


      Sen. Barack Obama, the Democrats’ presumptive presidential nominee, rejected lifting the drilling moratorium that has been supported by a succession of presidents for nearly two decades.

      “This is not something that’s going to give consumers short-term relief and it is not a long-term solution to our problems with fossil fuels generally and oil in particular,” said Obama. Senate Majority Leader Harry Reid, lumping Bush with McCain, accused them of staging a “cynical campaign ploy” that won’t help lower energy prices.

      “Despite what President Bush, John McCain and their friends in the oil industry claim, we cannot drill our way out of this problem,” Reid said. “The math is simple: America has just three percent of the world’s oil reserves, but Americans use a quarter of its oil.”

      End of Excerpt
      Source: New York Times, MSNBC, AP

      The argument to drill for more oil is null and void.

      A) Oil will run out sometime in the future
      B) It damages the environment (also fuels Climate Change)
      C) Just because other nations are doing it doesn't mean we have to.
      D) It won't change gas prices.
      E) Also it's a lie that China is drilling off our shores.

      Thats my rant.
      George Bush and John McCain agree, offshore Oil Drilling is a good idea, and they want to end the ban. ... more

      current89

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      2 days ago
    • McCain wants to lift ban on offshore drilling

      John McCain on Tuesday proposed lifting the ban on offshore drilling as part of his plan to reduce dependence on foreign oil and help combat rising gas prices.

      "The stakes are high for our citizens and for our economy," McCain, the presumed Republican nominee for president, said at a press conference Tuesday in Houston, Texas.

      Hours later, White House Press Secretary Dana Perino said President Bush on Wednesday will ask Congress to lift the ban on offshore drilling.

      Bush has long called for opening the Arctic National Wildlife Refuge in Alaska to oil exploration, but Perino said he now wants to go further.

      Earlier in the day, McCain, describing the high price of fuel, confused the cost of gallons versus barrels, which drew laughs from the crowd and the candidate himself. He quickly corrected himself.

      "And with gasoline running at more than $4 a barrel ... a gallon ... I wish ... $4 a gallon, many do not have the luxury of waiting on the far-off plans of futurists and politicians," he said.
      John McCain on Tuesday proposed lifting the ban on offshore drilling as part of his plan to reduce dependence on foreign oil and help ... more

      merasyad

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      3 responses

      1 month ago
    • McCain urges end to ban on offshore drilling

      With gasoline prices rising and the United States chronically dependent on foreign oil, the Republican presidential contender said his proposal would "be very helpful in the short term resolving our energy crisis."

      McCain also suggested giving the states incentives, including a greater share of royalties paid by companies that drill for oil, as an incentive to permit exploration.
      With gasoline prices rising and the United States chronically dependent on foreign oil, the Republican presidential contender said his... more

      lifestudentno83

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      2 months ago
    • Arctic Nations Agree to Obey U.N. Regarding Oil Excavation

      ILULISSAT, Greenland (Reuters) - Five Arctic coastal nations agreed on Wednesday to let the U.N. rule on conflicting territorial claims on the region's seabed, which may hold up to one fourth of the world's undiscovered hydrocarbon reserves.

      "We affirmed our commitment to the orderly settlement of any possible overlapping claims," U.S. Deputy Secretary of State John Negroponte told a news conference.

      Ministers from Canada, Denmark, Norway, Russia and the United States met in Greenland for a two-day summit to discuss sovereignty over the Arctic Ocean seabed.

      Environmental groups were not invited and have criticized the scramble for the Arctic, saying it will damage unique animal habitats. They call for a treaty similar to the treaty regulating the Antarctic, which bans military activity and mineral mining.
      ILULISSAT, Greenland (Reuters) - Five Arctic coastal nations agreed on Wednesday to let the U.N. rule on conflicting territorial claim... more

      renbyrd

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      0 responses

      24 days ago
    • In Colorado, an unlikely alliance between hunters and environmentalists against dr...

      The Roan Plateau in Colorado has become the subject of disputed real estate, much of it public land that the Federal government's Bureau of Land Management is selling to energy companies interested in drilling for oil and gas in the mountainous region. John McDaniel writes, in his contribution to the Christian Science Monitor (14 May 2008), that the B.L.M. have offered to open up 73,000 acres -- or 70-percent -- of the Roan Plateau Planning Area for oil and gas drilling, a decision initiated late last year.

      Deer and elk hunters who have pursued game in the Roan Plateau area between the Colorado Rockies to the Utah border, have aligned with environmentalists to voice expression against the B.L.M.'s plan to sell once-protected areas of the Roan Plateau for energy development.
      The Roan Plateau in Colorado has become the subject of disputed real estate, much of it public land that the Federal government's... more

      kinolina

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      3 responses

      12 hours ago
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Oil Drilling

benjaminV onechance booboo_36564 plusaf RyanBWylie Robroy1 haredx pigmonkey Wetdog alicynx fuckbush stephenthomson Albinopollock Cosmo_Plavix merasyad piperpicked SeaJade ahughs ViVa Vierotchka JohnA Marilynn_Murray Psychedelic wislogger IwantPie1240 TheSkunk justright 2wired2care jakes_green electricsquiral bluestranger BillCue street_smart SonicSubculture neocongo symn8 kennymotown roxanna101 osagebowyer bigstretch anglcazn mattbrawn Inofuilwell ssppeencceerr fauxsherrrr blue_blooded iamwilliamhello phoenix_fire999 AlexKoppelman twodee