McCain: Open for O&G Exploration

Tuesday, June 17, 2008
John McCain favors expanded O&G drilling.

John McCain, the presumptive Republican presidential candidate, will score points with the offshore oil and gas industry with his recommendation to lift federal moratoriums that restrict drilling for oil and gas, in the name of energy security. In a recently release, he stated  "I'll call for lifting the federal moratorium for states that choose to permit exploration. I think that this, and perhaps providing additional incentives for states to permit exploration off their coasts, would be very helpful in the short term in resolving our energy crisis. We've seen the impact of it in the form of food prices, the form of gasoline, and the form of threats of inflation, and indeed indications of inflation. We must embark on a national mission to eliminate our dependence on foreign oil and reduce greenhouse gases through the development of alternative energy sources. And, as I said, exploration is a step toward the longer term goal. And, I will repeat my advocacy of a gas tax holiday, which is impacting low-income Americans on a fixed income who are driving automobiles that consume gasoline at a greater rate, and they're driving further, and I think that they deserve a break."

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

Bulgaria, Greece to Consider Greek LNG terminal

Bulgarian state energy holding company BEH and Greek natural gas company Gastrade have set up a joint task force to prepare a proposal to build an off-shore liquefied

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0799 sec (13 req/sec)