Bush to Lift Executive Ban on Offshore Oil Drilling
Monday, July 14, 2008
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WASHINGTON — President Bush will lift an executive ban on offshore oil drilling, although new oil exploration on the Outer Continental Shelf will remain off limits until Congress also takes action.
The president will make a Rose Garden statement on Monday, where he is expected to announce his lifting of the ban.
Watch President Bush speak Live at 1:30 p.m. ET on FOX News Channel.
White House press secretary Dana Perino says Bush is acting now in hopes of spurring Congress to act. So far, lawmakers have shown no interest in doing so.
Bush and a growing number of lawmakers have been calling for broader options in dealing with rising energy costs, including $4 per gallon gasoline.
The Outer Continental Shelf has been a particularly hot debate, with the Bush administration saying new drilling technology would make U.S. shores safe from environmental disaster while helping to drive down prices with greater supplies.
Democrats say energy companies already have plenty of space to look for oil and have stalled on investing in more oil production while reaping record profits.
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