Energy, And Why US policy has restricted the Supply

President Bush has lifted the Presidential Offshore Restriction, placed on offshore exploration and production in 1990, by President Bush.

President George W. Bush said today he's lifting a presidential ban on drilling for oil and natural gas on the U.S. Outer Continental Shelf, setting up a showdown with Congress over a separate ban it put in place in the 1980s.

``Today I've taken every step within my power to allow offshore exploration of the OCS,'' Bush said in a statement at the White House. ``This means the only thing standing between the American people and these vast oil resources is action by the U.S. Congress.''

Democratic leaders in both houses of Congress rejected the president's call, saying the move to end the moratorium would have no effect on prices and better options are available.

And that is the problem, isn't it? The Democrat Marxists don't want you to have the energy you need for your growth, the economy's growth, and America's growth. I never thought I would see the day that Americans stood in the way of their country, but we are there now. Environmental Marxism, it's full impact is being felt and that is not a good plan for America.

The Institute For Energy Research has the Details.

IER president Thomas Pyle issued the following statement:

“The president is eliminating one of the largest barriers standing in the way of new energy supplies, but the biggest one still remains, and it lies in the hands of the Congress,” Pyle said. “Fortunately, we appear to be nearing the end of nearly three decades of short-sighted, one-size-fits-all policies that restrict access to domestic supplies despite explosive global demand. The lack of a commonsense offshore energy policy has placed this country in economic and strategic peril. Ending these bans will send a strong signal to the rest of the world that America is finally getting serious about producing more of its own energy.”

Federal law has prohibited American energy production on most of the OCS since 1982. With President Bush’s rescinding of the executive moratorium today, the only ban that remains is known as the Congressional Moratorium. It comes in the form of an annual appropriations rider in Congress, which expires – and must be renewed – every year. Congress has enacted OCS energy bans every year since 1981.

Now if we will only get moving and start building nuclear power plants and revitalizing our power grid, we would be in fine shape in 5 years. We need a Manhattan project to get more supply of American energy. That's the one good thing that McCain has said, build nuclear power plants, he just didn't go far enough -- We should build 100s and we should get the regulation and environmental whacko path cleared for safe nuclear power. One act of Congress would do that, you think for a minute Nancy Pelosi or Harry Reid would do that?

Vote Democrats out of office, for America's future.