Note that this ability comes from a 2006 agreement. So, Congress was painfully aware in 2006 this crisis was coming. And, given a green light, it took oil companies two years to get a rig on-site. The blame for our foreign dependence for oil and our inability to drill locally lies squarely in the lap Congress.
Newsmax.com - Companies Begin Quest for Oil, Gas Off Florida
Companies Begin Quest for Oil, Gas Off Florida
Saturday, July 5, 2008 5:30 AM
PENSACOLA, Fla. -- Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide.
The early activity here stems from a 2006 Congressional compromise that allows drilling on 8.3 million acres more than 125 miles off the Panhandle _ an area that had been covered by the moratorium, which was enacted out of environmental concerns. In exchange, the state got a no-drilling buffer along the rest of its beaches.
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