Posted on 07/16/2008 7:18:15 PM PDT by bobsunshine
The US federal government on Wednesday said it would open 3.9m acres of land in a designated petroleum reserve in Alaska for drilling as a means to help curb rising petrol prices.
“This is welcome news at a time when Americans are paying record prices at the pump,” said C. Stephen Allred, assistant US Secretary for Land and Minerals. “Together with proposed new production from other offshore and onshore areas, these increased supplies will help to stabilise energy costs.’’
The Alaska decision follows one by President George W. Bush on Monday to lift a presidential ban on drilling on the US outer continental shelf, off Florida. That decision still requires Congress to lift a separate ban on the area before the area can be leased for development.
But the Bureau of Land Management, an agency within the US Department of the Interior, said the Alaskan land that will now be offered requires no other approvals and will be up for leasing in the autumn.
(Excerpt) Read more at ft.com ...
I’m stunned.
It’s a start
No freakin’ way!!!!
Really?
I think there’s a snowball fight going on in h@ll!
I’m stunned that we need to hear of this in the UK press.
Next come the permits.
Agreed, this is indeed a MAJOR beeber-stuner.
It should be interesting to see if this news drops the price of oil tomorrow.
Didn’t a Federal Judge just nix the Parks & Wildlife (Feds) from doing this in Michigan?
I imagine that you heard this already.
I had to check to see if this was from scappleface!!!
No doubt Obama would swiftly reverse this if elected....
Bummer. *Sigh*
Probably why the price dropped yesterday. The people in the know saw it coming with the announcement.
A start.....though a tiny one.
Congress gives crying public a pacifier ......film at 11 is my first thought yet I pray more oil drilling is a solution . Your past comments and experience comes too mind here making me think this is just a sugar tit for those of us having a fit !
If congress limited energy exports to 10% or less from the CONUS or it’s territorial waters would that be a quicker fix ?
The ‘rats will not allow it to get to the floor for a vote.
the democrats say that drilling will not result in immediate reductions in gasoline.
but, ... uh duh ... research for alternative energy will not either. in fact, they’ll take longer.
Yes. My beeber-like device is stuned. I’m going to take a shower, so let me know when they start drilling.
Oil tumbles again; prices fall over $10 in 2 days
http://news.yahoo.com/s/ap/20080716/ap_on_bi_ge/oil_prices
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