14 July 2008

Bush Finally Lifting Executive Ban on Offshore Oil Drilling

President Bush will announce today that he is lifting the executive order banning offshore oil drlling.
Unfortunately for us stuck paying $4.00+ per gallon for Gas, Congress still needs to repeal the Moratorium on Offshore Oil drilling as well. Unlikely to happen with the Democrats in Control of Congress. They are still beholden to the Sierra Club and other environmental groups vehemently opposed to offshore oil drilling, even though they can't point to a single instance of an Oil rig destroying a beach or the other nonsense that they spout about environmental damage.

"There is no excuse for delay," the president said in a last month in a Rose Garden statement.

"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.

Bush's father, concerned about the effects of falling Oil prices on the Mexican Economy, President George H.W. Bush, signed the executive order in 1990 banning offshore drilling.

Experts have gone from saying it would take 10 years to 3 years before we see any oil, once all the Moratoriums are lifted, but only time will tell who will be proven correct. One thing is for sure, if we do nothing, prices will continue to spiral upwards. Doubts on Global Warming, shouldn't stop us from sourcing our Oil from the Middle East to sourcing it from ourselves.

One thing is for sure, unless someone puts pressure on Congressman David Obey to re-open the Appropriations Process, we definitely won't see any progress on this issue.

Maybe now is the time to start a fresh round of Operation Drill Bit, to remind Congress that we're still overpaying for Gas.

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