Political Oil | Clipmarks


	Political Oil

Brian Wingfield

7-14-2008 5:51 PM

647 views

tags:

oil, gas, outer continental shelf, drilling

Brian Wingfield says:

Purely a political move by the administration feels you pain on high gas prices. Oil and natural gas on the OCS is still as off limits as it was before the president made the announcement.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/cd5f0a7e-49a4-42b1-8588-dbdfe9bf54cf/1EC84D8E-D76B-433F-B437-960118566BDE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2008/07/14/washington/14drillcnd.html?_r=1&hp&oref=slogin" href="http://www.nytimes.com/2008/07/14/washington/14drillcnd.html?_r=1&hp&oref=slogin" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/07/14/washington/14drillcnd.html?_r=1&hp&oref=slogin"><P>WASHINGTON — President Bush lifted a presidential moratorium on drilling for oil and natural gas on the Outer Continental Shelf on Monday, hoping to prod Congress to act to clear the way for exploration along the country’s coastline in response to soaring energy prices.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/07/14/washington/14drillcnd.html?_r=1&hp&oref=slogin"><P> “The time for action is now,” Mr. Bush said as he announced in the White House Rose Garden that he was lifting an executive order, which was first issued by his father in 1990 and was renewed by <A title="More articles about Bill Clinton." href="http://topics.nytimes.com/top/reference/timestopics/people/c/bill_clinton/index.html?inline=nyt-per">Bill Clinton</A>. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/07/14/washington/14drillcnd.html?_r=1&hp&oref=slogin"><P> By itself, the move will have little impact, because Congress enacted a moratorium in 1982 that remains in place. But the step underscores the rising political pressure to address high oil and gasoline prices in the middle of an election year. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1EC84D8E-D76B-433F-B437-960118566BDE/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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