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Bush Lifts Executive Ban on Offshore Drilling

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Putting pressure on congressional Democrats to back more exploration for oil, President Bush on Monday lifted an executive ban on offshore drilling that his stood since his father was president. The full story can be read here. (Video by the Associated Press.)

Posted at 4:58 PM ET on Jul 14, 2008  | Category:  Video Report
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There are several misleading arguments that the opponents to lifting the ban on offshore exploration and drilling use.

The first is that there 86 million acres (or whatever figure they use, it varies) now available for exploration and drilling. Senator Harry Reid (D-NV)seems to think that just by using a big number he can make it seem oil companies are just sitting on a treasure trove of leases even though that figure only represents fifteen percent of the area available. Reid is not the only offender.

He should know since his father was a miner that just because you have a lease or a claim does not guarantee that you will find oil or minerals on it. Therefore the more land that is available for exploration the more chance that oil and gas will be found.

I could respect Senator Reid and others such as Senator Charles Schumer (D-NY) if they were making a sincere argument but I think they know better than this.

The second one is that it will take ten years or whatever figure they use before the first barrel of oil is produced. My first thought is that it means we should start ASAP or that we should have started ten years ago. The truth is that it is going to take a long time to develop alternatives as well so using the same logic we should not start on research and development on them as well.

Suppose an ambitious high school senior wanted to be a lawyer. It would take four years of college, three years of law school, and a year preparing for and taking the bar exam before he or she could practice law. Using Reid-Schumer logic, he or she should never even start the process.

The third is that it won't solve the problem. That is correct but neither will wind, solar or other alternatives if they are considered alone. We are in an all hands on deck situation where we should use all sources of energy available while we conserve and develop new ones. The oil won't do anyone any good if it stays on the ground.

I suspect that there will be more drilling if Barack Obama is elected because Democrats in there heart know it is the right thing to do but they just can't stand to admit that George W. Bush is right.

Posted by: danielhancock | July 16, 2008 2:03 AM


God bless cheap labour.? Hell let's bring in every country of poor people. And we should, if it does not take American and Canadian jobs. Please don't say cheap labour. If they need a safe place we should pay them the same our American friends, unfortunately you have a need for slaves. If a country needs aid, we should be there. From Canada. If we try to change a countries culture, we are lost and shame on us. History will tell you if you care to look. And, I don't want to hear about changing their religion. We do not belong there.....

Posted by: justadad55+ | July 15, 2008 1:46 PM

Can we all say "Desperate Republican Political Stunt"?

You may return to laughing at our current Republican neocon stooge on the block - McCain.

Posted by: Anonymous | July 15, 2008 12:00 PM

The oil, and gas is gone thanks to Americans and we Canadians meddling in that part of the world and our lack of taking care of ourselves, pure greediness on the part of both of our Countries. Are we that stupid to think we can change their ways? Drilling will take years. America is not the America even Canadians understand or know anymore. I also say the same about Canada, for myself as a Canadian am not impressed with my Country myself as a citizen, nor our politicians. Gas is $6.00 a gallon. Yes,$1.36 a litre, just multiply by 5 to make a gallon. We were not prepared. Yes,we have our own problems. When will we the true Americans and Canadians take our Country bacK?
My only hope is that my country Canada tightens up our immigration rules for security reasons. I am however saddened that we as brother and sister, Canada and the United States must make it so difficult to visit our only true friends. We use to b so close but have been restricted, and it is getting worse, from our closest friends. Hope to hear from more vets and Americans with the same common sense. Trust me, we suffer united, and it is only the beginning. May the power above help all of us. Over 50 and ashamed at the mess we left our children. Perhaps the young can inspire us older folks and united, No Politician can stop us.

Posted by: Justadad55+ | July 15, 2008 8:24 AM

Posted by: Democrats owe the U.S. an apology! | July 14, 2008 10:04 PM

Why should they?
=======
Even is this is merely political (which it isn't)....it sends a message to the speculators and the futures markets. If that moves us 20% lower in price...it's worth it.

And...I think you'll see the drilling occur. I have not seen reliable evidence to the contrary that indicates the current leases offer significant yield or are easily accessible.

So...drill here...drill now - American jobs and American economy. Get behind it and drop the prices. Thank you!

Posted by: MakeUsProud | July 14, 2008 7:21 PM

Posted by: Anonymous | July 14, 2008 9:03 PM

I do believe there was coordination between the white house and McCain's campaign.

Posted by: G8tr | July 14, 2008 7:23 PM

Even is this is merely political (which it isn't)....it sends a message to the speculators and the futures markets. If that moves us 20% lower in price...it's worth it.

And...I think you'll see the drilling occur. I have not seen reliable evidence to the contrary that indicates the current leases offer significant yield or are easily accessible.

So...drill here...drill now - American jobs and American economy. Get behind it and drop the prices. Thank you!

Posted by: MakeUsProud | July 14, 2008 7:21 PM

The ball's in your court Democrat's!! Govern for the majority in support of drilling or stand behind the minority against drilling. This will be the issue that hurts the dems in November.

Posted by: realitycheck | July 14, 2008 7:05 PM

Thats true. but make them drill their current leases of lose them. They didn't want to do it in the past because oil was cheap and it was cheaper to import and just make a profit. Even today it is still the same as is proven by their current profits. What is the incentive for them to drill? They have no desire to flood the market with cheap oil. It ain't happening regardless what the Republicans say.

+++++++
Drill for oil BUT increase spending on hydrogen and battery power. Make the oil companies pay for the new technology.

Posted by: M. Maus | July 14, 2008 5:33 PM

Posted by: Anonymous | July 14, 2008 6:00 PM

Drill for oil BUT increase spending on hydrogen and battery power. Make the oil companies pay for the new technology.

Posted by: M. Maus | July 14, 2008 5:33 PM

Bomb Iran into the Stone Age...and then TAKE (not purchase) their oil...and their women... and their pistachios...and their rugs... and their dates...

Posted by: Pancho Villa | July 14, 2008 5:31 PM

Silly political stunt. Tell the oil companies to drill the million plus acres they have leases on now with plenty of oil under it. No one needs to go looking for oil. They are not going to drill one drop of oil just so we can have cheap gas, why should they, they are making tons of profits now as it is? There is not one oil company investing one dollar drilling, much less five or ten billion. Hell it cost a billion to get a drilling platform and the soonest you can get one now is five years. Only two companies in the world build them. Sign it don't sign it, no one is going to drill anyway.

Posted by: Anonymous | July 14, 2008 5:18 PM

Bush needs it for the his next war - Iran.

Posted by: Anonymous | July 14, 2008 5:01 PM

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