Let the drilling begin.... :) It is about time.
WASHINGTON (Reuters) - The U.S. House of Representatives passed legislation Tuesday that lifts a longstanding ban on offshore oil drilling, opening most of the U.S. coastline to exploration.
The package proposed by Democrats would give states the option to allow drilling between 50 and 100 miles (80 and 160 km) off their shores. Areas more than 100 miles from the coast would be completely open to oil exploration and drilling.
The House voted 236 to 189 in favor of the package.
Until recently, Democratic leaders in Congress strongly opposed lifting the moratorium on offshore drilling, saying drilling would have only a small impact on gasoline prices in the immediate future.
But as gasoline prices rose to levels above $4 a gallon this summer, public opinion shifted in favor of offshore drilling. Republicans made removing the ban on drilling a key campaign issue for their party in this election year.
Here is a handy dandy tool for calculating how much your stimulus check is going to be. Enjoy! All you need is just your tax return.
These companies import Middle Eastern oil:
Shell.......................... 205,742,000 barrels
Chevron/Texaco.........144,332,000 barrels
Exxon /Mobil..............130,082,000 barrels
Marathon/Speedway.. 117,740,000 barrels
Amoco..........................62,231,000 barrels
Citgo Gas comes from South America, from a Dictator who hates Americans.
Do the math at $30/barrel, these imports amount to over $18 BILLION! (Oil is now $90-$95 a barrel)
Here are some large companies that
DO NOT import Middle Eastern oil:
Sunoco................ 0 barrels
Conoco................ 0 barrels
Sinclair................ 0 barrels
BP/Phillips.......... 0 barrels
Hess................... 0 barrels
ARC0................... 0 barrels
Also: Pilot, Flying J, Love's, RaceTrac, Valero
All of this information is available from the Department of Energy and each is required to state where they get their oil and how much they are importing.
In 2002, Ireland passed a tax on plastic bags; customers who want them must now pay 33 cents per bag at the register. There was an advertising awareness campaign. And then something happened that was bigger than the sum of these parts.
full story: http://www.nytimes.com/2008/02/02/world/europe/02bags.html?hp