Lifting Drilling Moratoriums - One Important Step to Control Oil Imports

Lifting Drilling Moratoriums - One Important Step to Control Oil Imports

On July 14 President Bush lifted the executive order that banned drilling in U.S. offshore areas. His action left Congress to renew its own ban on offshore drilling on a year-to-year basis. Congressional members reacted swiftly and negatively, arguing that lifting the moratorium would neither lower gasoline prices in the short term, nor free the U.S. from imported oil. House Speaker Nancy Pelosi referred

Comment

More