Bush to Congress: Drill for Offshore Oil
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Bush to Congress: Drill for Offshore Oil

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  #1  
Old 06-18-2008, 02:02 PM
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Bush to Congress: Drill for Offshore Oil

Bush to Congress: Embrace energy exploration now

By H. JOSEF HEBERT, Associated Press Writer
1 HOUR AGO

WASHINGTON - With gasoline topping $4 a gallon, President Bush urged Congress on Wednesday to lift its long-standing ban on offshore oil and gas drilling, saying the United States needs to increase its energy production. Democrats quickly rejected the idea.
"There is no excuse for delay," the president said in a statement in the Rose Garden. With the presidential election just months away, Bush made a pointed attack on Democrats, accusing them of obstructing his energy proposals and blaming them for high gasoline costs. His proposal echoed a call by Republican presidential candidate John McCain to open the Continental Shelf for exploration
"Families across the country are looking to Washington for a response," Bush said.
Congressional Democrats were quick to reject the push for lifting the drilling moratorium, saying oil companies already have 68 million acres offshore waters under lease that are not being developed.
House Speaker Nancy Pelosi called Bush's proposals "another page from (an)... energy policy that was literally written by the oil industry _ give away more public resources."
Sen. Barack Obama, the Democrats' presumptive presidential nominee, rejected lifting the drilling moratorium that has been supported by a succession of presidents for nearly two decades.
"This is not something that's going to give consumers short-term relief and it is not a long-term solution to our problems with fossil fuels generally and oil in particular," said Obama. Senate Majority Leader Harry Reid, lumping Bush with McCain, accused them of staging a "cynical campaign ploy" that won't help lower energy prices.
"Despite what President Bush, John McCain and their friends in the oil industry claim, we cannot drill our way out of this problem," Reid said. "The math is simple: America has just three percent of the world's oil reserves, but Americans use a quarter of its oil."
Bush said offshore drilling could yield up to 18 billion barrels of oil over time, although it would take years for production to start. Bush also said offshore drilling would take pressure off prices over time.
There are two prohibitions on offshore drilling, one imposed by Congress and another by executive order signed by Bush's father in 1990. Bush's brother, Jeb, fiercely opposed offshore drilling when he was governor of Florida. What the president now proposes would rescind his father's decision _ but the president took the position that Congress has to act first and then he would follow behind.
Asked why Bush doesn't act first and lift the ban, Keith Hennessey, the director of the president's economic council, said: "He thinks that probably the most productive way to work with this Congress is to try to do it in tandem."
Before Bush spoke, the House Appropriations Committee postponed a vote it had scheduled for Wednesday on legislation doing the opposite of what the president asked _ extending Congress' ban on offshore drilling. Lawmakers said they wanted to focus on a disaster relief bill for the battered Midwest.
Bush also proposed opening the Arctic National Wildlife Refuge for drilling, lifting restrictions on oil shale leasing in the Green River Basin of Colorado, Utah and Wyoming and easing the regulatory process to expand oil refining capacity.
With Americans deeply pessimistic about the economy, Bush tried to put on the onus on Congress. He acknowledged that his new proposals would take years to have a full effect, hardly the type of news that will help drivers at the gas stations now. The White House says no quick fix exists.
Still, Bush said Congress was obstructing progress _ and directly contributing to consumers' pain at the pump.
"I know the Democratic leaders have opposed some of these policies in the past," Bush said. "Now that their opposition has helped drive gas prices to record levels, I ask them to reconsider their positions."
Bush said that if congressional leaders head home for their July 4 recess without taking action, they will need to explain why "$4 a gallon gasoline is not enough incentive for them to act. And Americans will rightly ask how high gas prices have to rise before the Democratic-controlled Congress will do something about it."
Bush said restrictions on offshore drilling have become "outdated and counterproductive."
In a nod to the environmental arguments against drilling, Bush said technology has come a long way. These days, he said, oil exploration off the coastline can be done in a way that "is out of sight, protects coral reefs and habitats, and protects against oil spills."
Congressional Democrats, joined by some GOP lawmakers from coastal states, have opposed lifting the prohibition that has barred energy companies from waters along both the East and West coasts and in the eastern Gulf of Mexico for 27 years.
On Monday, McCain made lifting the federal ban on offshore oil and gas development a key part of his energy plan. McCain said states should be allowed to pursue energy exploration in waters near their coasts and get some of the royalty revenue.
Obama retorted that the Arizona senator had flip-flopped on that issue.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

what are your thoughts about this?
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  #2  
Old 06-18-2008, 02:05 PM
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Re: Offshore oil drilling Bush to Congress

My thoughts are:

It's ridiculous.

If we started drilling today...it would be at least 7 years before it made a difference.

If we're still as hungry for oil in 7 years as we are today...then we have absolutely, 100%

FAILED.
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Old 06-18-2008, 02:07 PM
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Re: Offshore oil drilling Bush to Congress

Quote:
Originally Posted by Kid Lester View Post
My thoughts are:

It's ridiculous.

If we started drilling today...it would be at least 7 years before it made a difference.

If we're still as hungry for oil in 7 years as we are today...then we have absolutely, 100%

FAILED.

This.
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Old 06-18-2008, 03:19 PM
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Re: Offshore oil drilling Bush to Congress

If we do drill off coast. Will the price go down? What company will oversee the production of oil? What company will have dominion over the second most powerful commodity in this country?
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Old 06-18-2008, 03:21 PM
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Re: Offshore oil drilling Bush to Congress

I can't give a serious reply.

I always thought offshore drilling was code for dating a girl outside the country.
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Old 06-18-2008, 03:25 PM
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Re: Offshore oil drilling Bush to Congress

Quote:
Originally Posted by Bada Bing View Post
I can't give a serious reply.

I always thought offshore drilling was code for dating a girl outside the country.
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Old 06-18-2008, 08:28 PM
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Re: Offshore oil drilling Bush to Congress

Quote:
Originally Posted by Kid Lester View Post

If we started drilling today...it would be at least 7 years before it made a difference.

If we're still as hungry for oil in 7 years as we are today...then we have absolutely, 100%

FAILED.
But, if we do nothing, and we are still in the same situation for our need for oil in 7 years, and then start to drill we are still behind.

We've needed to tap this country's oil for a long time. Part of being energy independant is drilling for our own oil on our own soil, investing in renewable energy resources, and building new nuclear facilities.

We need to do more than just drill for oil but it is a good start.

Americans are always going to need, and be run by, the petroleum market.
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Old 06-18-2008, 08:45 PM
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Re: Offshore oil drilling Bush to Congress

Quote:
Originally Posted by Kid Lester View Post
My thoughts are:

It's ridiculous.

If we started drilling today...it would be at least 7 years before it made a difference.

If we're still as hungry for oil in 7 years as we are today...then we have absolutely, 100%

FAILED.
Kid> we shoulda done this back in 73 I just don't get it, lets drill and lets put some damn money into alternative fuels. I just hate the thought that we have to bow down to some other country for something we should have been off of years ago.

Quote:
Originally Posted by Green Lantern View Post
But, if we do nothing, and we are still in the same situation for our need for oil in 7 years, and then start to drill we are still behind.

We've needed to tap this country's oil for a long time. Part of being energy independant is drilling for our own oil on our own soil, investing in renewable energy resources, and building new nuclear facilities.

We need to do more than just drill for oil but it is a good start.

Americans are always going to need, and be run by, the petroleum market.
well said
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Old 06-18-2008, 08:56 PM
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Re: Bush to Congress: Drill for Offshore Oil

By the time that oil is ready for market, gas will be at least $8.00/gallon, in my opinion and in the estimation of many market analysts. Some say closer to $15.00/gallon. What we will produce at that point will not create a signifcant reduction in costs. If we're hoping to get gas DOWN to $6/$7 dollars a gallon in seven years, we will already be screwed.

I don't think the answer to the oil problem is more oil.

I think the answer is LESS oil.

The gasoline/diesel engine has run it's course for personal transport.

We need to fundamentally change our transportation fuel.

I'm okay with more nuclear power.

But we have to get off of oil.

And I believe we can.

Yes, we'll always need petroleum. But putting the carrot of Off Shore or ANWAR drilling out there does nothing to encourage alt fuel development. In my mind, it does more harm than good in the 20 year long run.

Last edited by Kid Lester; 06-18-2008 at 08:58 PM..
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Old 06-18-2008, 09:16 PM
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Re: Bush to Congress: Drill for Offshore Oil

And, let's call a spade a spade.

This is nothing but a political maneuver.

Bush and McCain say "We tried to get you more oil, but the democrats wouldn't let us."

They no damn well this has no prayer. The President has 6 months left before the election. No Congress would ever give a lame duck President a political victory 6 months before the next Presidential Election. Republican, Democrat...NO Congress.

It's political posturing. That's all it is.

Where was Bush on this 3 YEARS AGO when gas was at $3.29?

It wasn't a good idea then, but with 6 months left to go, it's the answer to all our prayers?
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