July 14, 2008

US offshore drilling un-banned

Just saw this news from ICIS that President Bush is lifting an executive ban on offshore drilling that has long stood since his dad was president.

The presidential offshore development ban was put in place by the first President Bush in 1990 while Congress also banned oil and gas drilling off the US east and west coasts as well as almost all of Alaska's coastline since 1981.

The US Congress is yet to lift its ban and until they do so, no drilling is still allowed.

More on this post...