[SIZE=+1]Congressional Off-Shore Drilling Ban Expires Sept. 30, 2008 -- Unless Congress Renews[/SIZE]
Monday, July 14, 2008 | Kristinn
Posted on Monday, July 14, 2008 12:17:01 PM by kristinn
For those of us with limited knowledge of the ins and outs of the debate on off-shore drilling along American coastal waters, it is important to understand this fact:
The ban by the U.S. Congress on off-shore drilling has to be imposed every fiscal year and is scheduled to expire Sept. 30, 2008.
This explains President Bush's announcement that he will repeal a separate executive order on off-shore drilling leaving only the Congressional ban in place.
The gambit by the President will force both houses of the Democrat-led Congress to vote before the elections on keeping the ban in place at a time of record high oil prices and record global demand that has driven domestic gas pump prices to over $4 per gallon.
Even if Speaker Pelosi and Majority Leader Reid are able to pass the ban, they would still have to get the ban past President Bush, either with his signature or by over-riding a veto. President Bush has laid the groundwork for a battle the environmental extremists and anti-drilling politicians in both (but mainly the Democrats) parties don't want.
Monday, July 14, 2008 | Kristinn
Posted on Monday, July 14, 2008 12:17:01 PM by kristinn
For those of us with limited knowledge of the ins and outs of the debate on off-shore drilling along American coastal waters, it is important to understand this fact:
The ban by the U.S. Congress on off-shore drilling has to be imposed every fiscal year and is scheduled to expire Sept. 30, 2008.
This explains President Bush's announcement that he will repeal a separate executive order on off-shore drilling leaving only the Congressional ban in place.
The gambit by the President will force both houses of the Democrat-led Congress to vote before the elections on keeping the ban in place at a time of record high oil prices and record global demand that has driven domestic gas pump prices to over $4 per gallon.
Even if Speaker Pelosi and Majority Leader Reid are able to pass the ban, they would still have to get the ban past President Bush, either with his signature or by over-riding a veto. President Bush has laid the groundwork for a battle the environmental extremists and anti-drilling politicians in both (but mainly the Democrats) parties don't want.