The United States is the only nation in the world that has placed a substantial amount of its oil and natural gas potential off-limits. This includes restrictions on drilling in most of the nation’s offshore areas. Despite current high oil and natural gas prices, these longstanding offshore drilling bans remain in place. Congress should revise this policy, for the benefit of the American consumer and American economy. “The Deep Ocean Energy Resources Act of 2006″ (H.R. 4761) seeks to do just that.
End Restrictions on Domestic Offshore Energy Production
The United States is the only nation in the world that has placed a substantial amount of its oil and natural gas potential off-limits. This includes restrictions on drilling in most of the nation’s offshore areas. Despite current high oil and natural gas prices, these longstanding offshore drilling bans remain in place. Congress should revise this policy, for the benefit of the American consumer and American economy. “The Deep Ocean Energy Resources Act of 2006″ (H.R. 4761) seeks to do just that.
Original post by The Heritage Foundation – 2006-06-20