Gerard: Little support for restoration of offshore drilling ban
Amid strong public support for expanding domestic oil production, lawmakers will likely not have enough support to restore a moratorium on offshore drilling when Congress reconvenes, said American Petroleum Institute President Jack Gerard, former leader of the American Chemistry Council. "I don't think there are enough votes in Congress to reinstate the blanket moratorium as it has existed before," he said. Congress allowed its 27-year-old ban on drilling in most U.S. coastal areas to expire in October.
Reuters
| 11/14
This story published in ACC SmartBrief on 11/17/2008
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