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Ranchers.net

Offshore Oil Drilling to Get Another Look in Congress
Wednesday, June 11, 2008

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WASHINGTON — With oil and gas prices reaching record highs and little relief in sight, Republican members of Congress are looking at a long-sought, but so far unsuccessful plan to open American shores up to more petroleum exploration.

Rep. John Peterson, R-Pa. is leading the charge Wednesday, when he'll push for an amendment to a spending bill that would open up U.S. waters between 50 and 200 miles off shore for drilling. The first 50 miles off shore would be left alone.

"For 27 years, Congress has deliberately locked up vast offshore oil and natural gas reserves," Peterson said, according to USA Today. "With the price at the pump increasing daily — with no end in sight — and the cost of natural gas trading at record levels, Congress needs to unlock these reserves."

Most oil production and exploration has been banned since 1981.

According to Peterson's office, the U.S. Minerals Management Service estimates that 86 billion barrels of oil and 420 trillion cubic feet of natural gas can be found along the U.S. outer continental shelf, the area affected by the ban.

Peterson is not alone in his desire to open up the shelf. An effort to unlock the resources has been underway in Congress in recent years, and several interest groups are backing the effort, too.

"Tapping America's huge reserve of deep ocean energy helps us fight terrorism and increases our domestic energy supply, which will help put downward pressure on gasoline prices," Greg Schnacke, President of Americans for American Energy, said in a news release, adding: "With Americans suffering at the gas pump and with higher energy bills, it's a no-brainer that the OCS should be developed."

But the proposal has faced staunch opposition from environmental groups from states where the shorelines are under consideration for drilling, like Florida.
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