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Monday, July 14, 2008 

At last, Dubya to lift ban on offshore drilling

Here's something positive the president is doing for a change - lifting the ban on offshore drilling in the US waters.
WASHINGTON (AP) - Putting pressure on congressional Democrats to back more exploration for oil, 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.

There are two prohibitions on offshore drilling, one imposed by Congress and another by executive order signed by the first 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.

"The only thing standing between the American people and these vast oil resources is action from the U.S. Congress," Bush said in a statement in the Rose Garden. "Now the ball is squarely in Congress' court."

Bush criticized Congress for failing to lift its own ban on offshore drilling.

"For years, my administration has been calling on Congress to expand domestic oil production," Bush said. "Unfortunately, Democrats on Capitol Hill have rejected virtually every proposal. And now Americans are paying at the pump."

Sen. John McCain, the presumptive Republican presidential nominee, called Bush's move "a very important signal" and said his Democratic rival, Sen. Barack Obama, should drop his opposition to offshore drilling.
Wow, so Obama is against something that could help make oil pricings cheaper? I figured as much, that Obama is against helping people seek better monetary status.

Others on the subject include Michelle Malkin, Casey Fiano, Wizbang, Hot Air.

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