You have commented 375 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Home Front Economy
GOP: Democrats' plan leaves most oil off limits
2008-09-15
WASHINGTON (AP) — House Republicans attacked a Democratic offshore drilling plan Friday for including a 50-mile coastal buffer that they said would leave untouched most of the 18 billion barrels of oil in waters now off-limits to energy companies.

A Democratic drilling proposal expected to be taken up by the House next week would allow energy development access to waters 50 to 100 miles from shore along almost all of the country's coastlines as long as a state agrees to drilling off its shore. Waters off Florida's Gulf coast and a nationwide 50-mile coastal buffer would remain out of bounds to energy companies.

But House Republican Leader John Boehner called the plan a "hoax on the American people," arguing that nearly 90 percent of the oil believed to be in the restricted offshore waters still would not be available. House Republicans have called for lifting the offshore drilling bans everywhere with no protected buffer.

"Keep in mind, we're opening up millions of more acres (to drilling) at a time when the industry claims they don't have the drills to explore the resources they have," said Drew Hammill, a spokesman for House Speaker Nancy Pelosi.

While drilling between 50 to 100 miles from shore would require state approval, areas beyond 100 miles where drilling also is banned would be opened without such restrictions under the Democrats' plan.

The Interior Department estimates that waters now under drilling bans off the Pacific and Atlantic coasts and in the eastern Gulf of Mexico contain nearly 18 billion barrels of recoverable crude oil with more than half that found off California. House Republicans on Friday cited data from Interior's Minerals Management Service that show that of the 9.75 billion barrels of oil believed to be off California only 5 percent lies beyond 50 miles. None of the 400 million barrels believed to be off Oregon and Washington is outside the protected buffer.

Of the estimated 3.5 billion barrels of oil believed to be recoverable off the Atlantic coast from Virginia to Georgia, 2.8 billion barrels would be available for drilling, but more than half of that would beyond 100 miles of shore where access would be more difficult, according to the Interior Department maps. About 700 million barrels is found within the 50-mile buffer.
Posted by:Steve White

#10  comments); ?>werwer
Posted by: Uncle Phester   2008-09-15 13:41  

#9  comments); ?>werwer
Posted by: DLR   2008-09-15 13:17  

#8  comments); ?>werwer
Posted by: Iblis   2008-09-15 12:39  

#7  comments); ?>werwer
Posted by: Formerly Dan   2008-09-15 10:56  

#6  comments); ?>werwer
Posted by: Procopius2k   2008-09-15 08:06  

#5  comments); ?>werwer
Posted by: Frank G   2008-09-15 07:40  

#4  comments); ?>werwer
Posted by: Nimble Spemble   2008-09-15 06:43  

#3  comments); ?>werwer
Posted by: newc   2008-09-15 02:53  

#2  comments); ?>werwer
Posted by: Mike N.   2008-09-15 02:25  

#1  comments); ?>werwer
Posted by: Anguper Hupomosing9418   2008-09-15 00:54  

00:00