Ad campaign promotes offshore drilling
Sunday, September 07, 2008 4:07 PM

A multimillion-dollar ad campaign promoting drilling for oil and gas off the U.S. coasts hopes to strike a legislative gusher in Congress, proponents say.

The aggressive campaign by the American Petroleum Institute, which represents the oil and gas industry, seeks to persuade Congress to lift a moratorium on offshore drilling off the Florida coast and other parts of the country, institute Vice President Jim Craig told the St. Petersburg (Fla.) Times.

Senate Democrats and Republicans may push through an energy bill this week that would permit drilling as close as 50 miles off Florida's beaches. It would also let a handful of other coastal states opt in as well.

And it calls for investing $20 billion in developing petroleum-free motor vehicles and extending tax credits for solar and wind energy that are scheduled to expire at the end of the year.

The House may vote on a similar bipartisan initiative this month, said a spokesman for Speaker Nancy Pelosi, D-Calif.

Drilling opponents have not managed to mount a similar advertising blitz, the Times said.

The liberal group Moveon.org and the national Sierra Club both ran limited advertising this summer criticizing Republican Presidential candidate John McCain for saying expanded drilling would lower gas prices only in the short term, "but that's been it," the Times said.

(Source: UPI )

More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate :  Rate this Commentary  


 Number of Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail

 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved