Bush: All Hat No Cattle on Oil Drilling

[kevinmc]

Bush calls for offshore oil drilling but won't issue order to permit it

Atlanta Journal Constitution

WASHINGTON — President Bush proposed Wednesday to allow drilling off U. S. coastlines as part of a plan to boost oil supplies, but his plan is likely to go nowhere because of a reluctant Democratic-majority Congress, which fears environmental costs.

Even if U.S. coastal waters were opened to exploration, experts agree that it would take at least seven and probably 10 years before any benefits were apparent.

Bush talked tough, saying "our nation must produce more oil, and we must start now." He said that expanding drilling offshore could produce enough oil to "match America's current oil production for 10 years."

Annual American oil production is about 1.8 billion barrels, and the Interior Department estimates that as much as 19 billion barrels remain untapped in coastal areas currently off limits to drillers.

Bush could have taken a bolder step by overturning a 10-year-old executive order that bans drilling off most U.S. shores. But he said he wouldn't do that because he wanted Congress to act first......

I guess Bush is is just talking out of his ass again ....