I was reading an article on the Sierra Club’s website about offshore drilling. The article I was reading was discussing how on Monday President Bush lifted the moratorium on offshore oil drilling. This moratorium was imposed 18 years ago by his father when HE was President. Up until this point there were two moratoriums against offshore drilling, one by the President, and one by Congress.
Congress is expected to maintain its moratorium against the drilling, so offshore drilling is not expected to take place. Congress is expected to maintain its moratorium because they have been advised that offshore drilling will NOT bring the short term relief to the skyrocketing cost of gasoline. According to the article I was reading, oil companies already have a lot of unexplored resources that they can access and don’t need to drill for oil offshore. The article did not detail what those unexplored resources are, so I was a little disappointed in that; I’d like to know what those resources are!