Pyramid Petroleum Inc. (fka PYDPF)

[sliverbullet]

This should bring even more revenue to drillers......

Bush to Congress: Embrace energy exploration now
Wednesday June 18, 1:50 pm ET
By H. Josef Hebert, Associated Press Writer
With gas prices reaching record highs, Bush wants Congress to lift ban on offshore drilling


WASHINGTON (AP) -- With gasoline topping $4 a gallon, President Bush urged Congress on Wednesday to lift its long-standing ban on offshore oil and gas drilling, saying the United States needs to increase its energy production. Democrats quickly rejected the idea.

"There is no excuse for delay," the president said in a statement in the Rose Garden. With the presidential election just months away, Bush made a pointed attack on Democrats, accusing them of obstructing his energy proposals and blaming them for high gasoline costs. His proposal echoed a call by Republican presidential candidate John McCain to open the Continental Shelf for exploration

"Families across the country are looking to Washington for a response," Bush said.

http://biz.yahoo.com/ap/080618/offshore_oil.html