Today, President Bush lifted a presidential moratorium on drilling for natural gas and oil on the Outer Continental Shelf. A moratorium that Congress enacted in the early 1980s still remains in place, so lifting the presidential moratorium will have little impact overall. Read more about the lifting of the moratorium
here.
See this in-depth piece I wrote on how much off-shore oil costs, what off-shore drilling looks like and why there is a moratorium in the first place.
