Untapped Resources?

Sunday, May 25, 2008 | 02:30 PM

Nice map:

20080522_us_oil_2


From Friday's WSJ:

"Mounting concerns about global energy supply are fueling a drive by the oil industry and some U.S. lawmakers to end longstanding bans on domestic drilling put in place to protect environmentally sensitive areas.

Increasing U.S. oil production would require overturning decades-old moratoriums that limit offshore drilling and accelerating leasing of federal lands, moves that would trigger a swift and vigorous political backlash. Still, as gasoline prices continue to climb and squeeze household budgets, the momentum appears to be gaining to open up new areas."

See also: New Find Fuels Speculation Brazil Will Be a Power in Oil

Now, what about raising CAFE standards?



>


Source:
Oil Industry, Lawmakers Aim To Lift Bans on Drilling
Fears Over Supply Drive Push to Enter Protected U.S. Areas
RUSSELL GOLD BEN CASSELMAN and STEPHEN POWER
WSJ, May 23, 2008; Page A5
http://online.wsj.com/article/SB121149858423815755.html   

Sunday, May 25, 2008 | 02:30 PM | Permalink | Comments (42) | TrackBack (0)
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Comments

Imagine that... oil lobbyists eager to overturn environmental regs and begin domestic drilling. Nevermind that they were pushing for this back when gas was still $1.95.

So how is it that the same group that brought us the War in Iraq is taken seriously about anything at this point? Better yet, how come they aren't tarred and feathered?

Posted by: Condor | May 25, 2008 3:34:55 PM

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