Offshore Oil Drilling: Lifting the Ban on Off Shore Drilling
Update - President Obama to Open Offshore Areas To Oil & Natural Gas Drilling - 3/31/10 March 31, 2010
President Bush to lift Outer Continental Shelf ( OCS ) Drilling Ban July
14th, 2008 1:30pm EST
President Bush urged Congress on 6/18/08 to end a federal ban
on offshore oil drilling and open a portion of the Arctic National Wildlife Refuge for oil exploration, asserting that those
steps and others would lower gasoline prices and “strengthen our national security.”
In recent years,
the president said, “scientists have developed innovative techniques to reach Anwar’s oil with virtually no impact
on the land or local wildlife,” referring to the wildlife refuge by its acronym. He continued, “I urge members
of Congress to allow this remote region to bring enormous benefits to the American people.”
President Bush also
urged Congress to approve the extraction of oil from shale on federal lands, something he said can be done far more economically
now than a few years ago, and to speed the approval process for building new refineries. Green River Basin Oil Shale
- This day in age, companies have invested in technology the make production of Oil shale more affordable and profitable, this makes Oil Shale a highly promising resource
- Remove the ban of Oil Shale operation on federal land
Third Step - Expand oil production by permitting exploration in artic national
wildlife or Anwar
- This Alaskan Terrain could produce 10 billion barrels of oil - Equivalent of 2 decades of imported oil
from Saudi Arabia
- Advanced technology has reached a way to drill oil with no impact on the land or
wildlife
Fourth Step - Expand Refining
Capacity
- It's been 30 years since our nation has built a new refinery
