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McCain seeks end to ban on offshore drilling

oil drawing No, we probably won't be able to drill our way out of the oilsupply crisis we are currently experiencing. It's too late for thatsince any drilling we undertake will mean a decade before the oilbegins to flow in any meaningful amounts. But it is absolutely ridiculous that we are not exploiting at leastsome of the resources we're sitting on. And one good place to startis allowing more offshore drilling. States like California have determined on their own that companiesshould not be able to drill off their coast. John McCain, to hiscredit, according to the Washington Post, wants to change some of that: Sen. John McCain called yesterday for an end to the federal ban on offshore oildrilling, offering an aggressive response to high gasoline pricesand immediately drawing the ire of environmental groups that thepresumptive Republican presidential nominee has courted for months. The move is aimed at easing voter anger over rising energy pricesby freeing states to open vast stretches of the country's coastlineto oil exploration. In a new Washington Post - ABC News poll, nearly 80 percent said soaring prices at the pump are causingthem financial hardship, the highest in surveys this decade. "We must embark on a national mission to eliminate ourdependence on foreign oil," McCain told reporters yesterday.In a speech today, he plans to add that "we have untapped oilreserves of at least 21 billion barrels in the United States. But abroad federal moratorium stands in the way of energy explorationand production. . . . It is time for the federal government to liftthese restrictions."
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