Archive for Tuesday, June 17, 2008

McCain urges end to ban on offshore drilling

June 17, 2008

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— Sen. John McCain said Monday the federal moratorium on offshore oil and gas drilling should be lifted, and individual states given the right to pursue energy exploration in waters near their coasts.

With gasoline prices rising and the United States chronically dependent on foreign oil, the Republican presidential contender said his proposal would "be very helpful in the short term resolving our energy crisis."

McCain also suggested giving the states incentives, including a greater share of royalties paid by companies that drill for oil, as an incentive to permit exploration.

Asked how far offshore states should be given control of drilling rights, he said that was a matter for negotiation.

He offered no other details for his proposal, which he is expected to describe more fully today in an energy speech.

McCain's presidential rival, Sen. Barack Obama, opposes an end to the moratorium, a spokesman said.

Comments

Daytrader23 7 years ago

McCain says "be very helpful in the short term resolving our energy crisis" As in if we pass the resolution today then we will have an extra 2 million barrels per day by tomorrow? Does McSame have any clue on how this process works? First they have to find the oil (could take years) then they have to build the off shore rigs (Could take years) then they have to build more refineries (could take decades) and this helps our short term needs how? We cannot drill our way out of this "crisis" we need to invest in renewable energy sources, That is our long term solution. The ONLY short term solution available is to by a scooter that gets 80mpg. And get a rain jacket for when the weather is not so nice.

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