Drill bits: The uphill battle to lift domestic restrictions
Posted in Energy, Inflation on Jun 14th, 2008 No Comments »
GOP Rep. John Peterson of Pennsylvania offered an amendment a year ago to permit offshore natural gas drilling. It was defeated 196-233 by do-nothing Democrats now panicked over high gas prices and forecasts of declining energy supplies from non-OPEC nations.
Offshore oil and gas production has been banned off most of the U.S. coastline since Congress approved the Outer Continental Shelf moratorium in 1981, which prevented the leasing of coastal waters for fossil fuel development.
