Posts Tagged offshore

Bush to lift executive ban on offshore drilling

AP | BEN FELLER | July 14, 2008 at 10:46 AM

WASHINGTON — In another push to deal with soaring gas prices, President Bush on Monday will lift an executive ban on offshore drilling that his stood since his father was president. But the move, by itself, will do nothing unless Congress acts as well.

The president plans to officially lift the ban and then explain his actions in a Rose Garden statement, White House press secretary Dana Perino said.

Read entire article.

Just as most foriegn leaders have announced they are ignoring Bush and waiting for the next administration (Obama, Biden), so too will the oil companies wait.

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