Thursday, August 03, 2006

Congress set to battle over offshore drilling plans

MSNBC.com:

"Ronald Barone, managing director of equity research in UBS Securities' natural gas electric utilities group, explains that environmental restrictions on access to new lands and offshore tracts are a significant problem.

Existing drilling areas are not only maturing but those still to be developed are ever smaller fields, with ever smaller finds, leaving oil companies 'drilling smaller and smaller targets''.

Plans to remove the barriers to drilling in new areas have come up in Congress repeatedly, only to be knocked back, he says. So he remains guarded about its possible passage."

If we actually "fixed" something, why would the American people need to send us here to work on their behalf? ~ thoughts of a congressman.

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