Marine Link
Wednesday, October 18, 2017

Bush Supports Congress’ Drilling Plan

May 11, 2006

President George W. Bush on recently said he was open to pending proposals in Congress to expand oil and natural gas leasing in federal waters provided it was at least 100 miles offshore. About 3 million acres in the eastern Gulf of Mexico would be opened to oil and natural gas drilling under a bipartisan Senate bill but the legislation could face problems from Florida and other coastal lawmakers as it moves to the floor. There are also efforts in the U.S. House to expand the areas in which industry can drill, although it remains unclear whether high energy costs will soften longstanding resistance to the idea from voters. Currently, only the central and western Gulf of Mexico and limited parts offshore Alaska are open to industry. The Clinton administration in 1997 proposed to expand drilling dramatically in the resource-rich eastern U.S. Gulf, but most of the region remained closed after the Bush administration backed away from the plan during Florida's gubernatorial race involving the president's brother, Gov. Jeb Bush. The Bush administration eventually opened a small portion of the eastern Gulf but industry has been pressing to gain more access. (Source: Reuters)
Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News