Oil Rules

In the eleventh hour of his presidency, Bush’s lifting of the executive order banning drilling offshore in the U.S. may have been one of the most popular gestures of his two terms in the eyes of the American people. According to the Independent Petroleum Association of America (IPAA), most Americans favor offshore drilling.

“President Bush has listened and recently lifted the executive ban on offshore drilling in the Outer Continental Shelf—the first important step to improve America’s energy security. Consumers are listening,” said IPAA chief executive Barry Russell.

Russell quoted a CNN poll that shows 73% of Americans support American energy exploration and a Fox News poll showing 76% of Americans support immediately increasing oil drilling in the U.S. Interestingly, in a CNN poll released May 1, 2008, Bush’s approval rate was at 28%.

The American people are becoming ensnared in a desperation mindset when it comes to oil. Most people have become so complacent about the war in Iraq that they forget the U.S. has even bigger struggles than $4/gallon gasoline.

‘Whatever it takes to get cheaper gas prices!’ This is becoming the motto of the public! Who knew gas prices would have such a pull in the 2008 elections?
–Lindsay Goodier, Online Editor, OilandGasInvestor.com; www.OilandGasInvestor.com; lgoodier@hartenergy.com

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