News There he goes again. Bush Demogaguing Congress over Continental Shelf.

[LowlyPion]

Wagging his finger at Congress like it's all their fault.

http://www.reuters.com/article/latestCrisis/idUSN14431205

 

[edward]

Bush didn't mention that he a had a republican majority to work with until 2006, actually until January 2007. An oil man failed to see that prices would increase when he invaded a middle eastern country

The truth is big oil couldn't afford to explore and drill the outer continental shelf until recently. There have been a number of test wells drilled and then put on hold.

Here is an older example:

COST WELL B-3. The second deep stratigraphic test well on the Mid-Atlantic Outer Continental Shelf was drilled by Chevron USA, Inc., from October 1978 to March 1979, for a group of oil companies to help evaluate the petroleum in the area before submitting bids for upcoming lease sales. The well was drilled in 2,686 ft of water to a depth of 15,820 ft and revealed reservoir rocks with good potential for oil and gas below 14,000 ft, and a significant show of gas in a sandstone interval between 15,744 and 15,752 ft.

http://www.ngdc.noaa.gov/mgg/fliers/79mggpp.html

Oil leases off of the coast of Florida were purchased by the by the Bush Administration in 2002 to prevent drilling. A favor for his brother perhaps??

http://www.climateark.org/shared/reader/welcome.aspx?linkid=11562&keybold=oil%20offshore%20drilling%20politics