From Friday’s WSJ:
"Mounting concerns about global energy supply are fueling a drive by the
oil industry and some U.S. lawmakers to end longstanding bans on
domestic drilling put in place to protect environmentally sensitive
Increasing U.S. oil production would require overturning
decades-old moratoriums that limit offshore drilling and accelerating
leasing of federal lands, moves that would trigger a swift and vigorous
political backlash. Still, as gasoline prices continue to climb and
squeeze household budgets, the momentum appears to be gaining to open
up new areas."
Now, what about raising CAFE standards?
Oil Industry, Lawmakers Aim To Lift Bans on Drilling
Fears Over Supply Drive Push to Enter Protected U.S. Areas
RUSSELL GOLD BEN CASSELMAN and STEPHEN POWER
WSJ, May 23, 2008; Page A5