The Conservative Cave
Current Events => Economics => Topic started by: thundley4 on May 10, 2010, 11:20:42 AM
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In the wake of the massive oil spill in the Gulf of Mexico, some lawmakers in another oil-producing region are calling for a drilling ban off their shores. 20 Democrats have co-signed a bill that would ban new leases off the entire West Coast.
All of the lawmakers are from California, Oregon and Washington State. The bill would amend the Outer Continental Shelf Lands Act to permanently prohibit offshore drilling off the coasts of those three states.
According to the Minerals Management Service there are 49 active leases in the area. Currently 43 of those are active and producing 24 million barrels of oil and 47 billion cubic feet of natural gas annually. MMS estimates there are 10 billion barrels of recoverable oil and 37 trillion cubic feet of gas in the region.
Supporters of the ban point to the Gulf disaster saying there is no way of preventing a similar accident off the pristine West Coast beaches. And a spill of that magnitude would not only severly damage the environment but also devastate the tourism industry especially in southern California.
Fox News (http://liveshots.blogs.foxnews.com/2010/05/10/off-shore-oil-drill-ban-proposed/)
Maybe all the bordering states should propose bans on transporting oil and gas products across their states. NIMBY