Free Republic

Taipei, Sept 03: Taiwan called on Wednesday for expansion in cooperation on oil exploration and development with China amid warming ties between the two rivals. The CPC Corp, Taiwan, the island's state-run oil refiner, said it has proposed to work with China's CNOOC Ltd to explore possible oil reserves in the East China Sea. "We have expressed the willingness to CNOOC to work together in the East China Sea," CPC Vice President Chu Shao-hua told media. "CPC is waiting for CNOOC's response, hoping both sides will kick off talks on the proposal," he said. CPC and CNOOC set up a...

The president again pinned the prospect of oil drilling off the coastline — considered a long-term energy solution — to today's high gas prices for consumers. "The American people are rightly frustrated by the failure of the Democratic leaders in Congress to enact commonsense solutions," the president said. Bush acknowledged that development of oil resources in waters off the coastlines, an area known as the Outer Continental Shelf, would take time. But he said that only creates more urgency for Congress to lift its legislative ban on drilling in these protected waters before lawmakers leave Washington for summer break.

Cantwell amendment HAS NOT PASSED THE SENATE!