Friday, February 25, 2011

Oil Drilling News


Pressures Mount to Resume Drilling

"Clearing the way for more offshore drilling would do little in the near term to increase domestic oil supplies. But it could insulate the Obama administration from Republican charges that the White House is denying access to domestic supplies at a time when markets are increasingly jittery about the security of Middle Eastern oil supplies amid the unrest across the region." 

Marriage of oil and fisheries in Louisiana is not so happy

Dolphin Death Toll Spikes To Nearly 60 On Gulf Coast


Big Oil Lobby Announces It Will Start Donating Directly To Candidates

"The American Petroleum Institute, the Big Oil industry's chief lobbying organization, will start directly backing political candidates in the second quarter of this year. API, whose membership includes oil giants like Exxon-Mobil and Chevron, already spends tens of millions of dollars every year on lobbying, advertisements and Astroturf campaigns to support the the oil industry agenda. As CAP's Dan Weiss wrote, API "wants to drill in fragile, sensitive places, keep government tax breaks, expand offshore drilling without reforms, and block global warming pollution reduction requirements.""


The Shift From Oil to Natural Gas Seems to Be Gaining Momentum