Yet earlier this month the Interior Department released a new five-year plan that puts most of the Outer Continental Shelf off-limits for oil drilling.
Long lead times persist for oil drilling rigs, mining equipment and some other specialized machinery, but generally companies face no supply limitations when considering expansion.
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All the more reason for enviros to petition the feds to open oil-rich U.S. acreage for conventional oil drilling.
But the timing of Bush's support for offshore oil drilling this week may spell trouble for McCain's efforts to distance himself from the embattled White House.
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Executive Director David Landecker of the local Environmental Defense Center strongly opposes McCain's push for renewed oil drilling, although he does give the senator some credit for making his pitch where he did.
Obama championed alternative forms of energy in Las Vegas yesterday, and McCain was in California explaining his plans for increased oil drilling.
The Bush administration now faces greater hurdles in selling controversial initiatives, such as its new energy plan, which in part calls for increased oil drilling and greater use of nuclear power, and the president's dream of a national missile defense shield.
The long-lasting high prices being paid for oil has provided drilling companies with the money and the motivation to develop the new techniques for getting oil out of the ground.
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Romney hit McCain for his opposition to drilling for oil in the Arctic National Wildlife Refuge in Alaska.
All told, for the roughly 10 companies drilling for oil and gas in Russia, production rose 0.9 percent on the year back in April.
And the villain of Disney's most recent film, "The Muppets, " is an oil baron intent on drilling for oil at the site of the Muppets' theater.
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While the major oil companies were focused on drilling for oil far offshore in 5, 000 or 8, 000 or 10, 000 feet of water, Moffett and McMoRan embarked on a prodigious challenge of their own by drilling to unprecedented depths of 33, 000 feet and more in shallow water.
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Brooklyn, New York (Motherboard.tv) -- In April of last year the Deepwater Horizon semi-submersible Mobile Offshore Drilling Unit exploded in the Gulf of Mexico, killing 11 men, injuring 17 others and triggering what is generally recognized as one of the greatest human errors ever made and officially the largest unforeseen marine oil catastrophe since people started drilling for oil.
Pelosi on Wednesday said the president was perpetrating a "hoax" by pushing for more offshore oil drilling.
He is against the gas tax and for increased domestic oil drilling, especially if it leads to energy independence.
This is raising demand for oil and gas drilling equipment manufactured by GE.
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For years, she heard Indians complain of not getting payment from the government for the oil-drilling and ranching leases on their land.
Just one week after calling for renewed offshore oil drilling, McCain took that message to one of the scenic shorelines - Santa Barbara, California.
Louisiana's wetlands have been eroding for years, for instance, the result of the damming of the Mississippi River and of coastal development, including for oil and gas drilling.
Two years later, they founded Yantai Jereh, which grew into a major supplier of oilfield equipment and services for oil and gas drilling, natural gas liquefaction and environmental control.
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That oil and gas will come to the US. The ban on drilling for oil and gas in the Gulf of Mexico was lifted late last year.
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The group opposes legislation that would make it easier for workers to join unions and that would impose anti-dumping duties on China, and it favors drilling for oil and natural gas on the Outer Continental Shelf.
But this was Bissell's vision of the "new new thing"--get sufficient volumes of rock oil by drilling for it refine it into a high quality illuminating oil, and then take market share away from existing illuminants and, at the same time, build wholly new markets.
The operating environment has certainly improved for Halliburton, as higher crude oil prices and new shale gas drilling projects have brought new opportunities for oil services firms.
Drilling for oil is thought to have a return on energy anywhere from 5x to 20x.
To placate conservatives, he promoted nuclear power and recently came out for more offshore oil-drilling.
Lawmakers are debating legislation to allow drilling for oil along the U.S. coastline, particularly in Florida and California.
And it might even involve a debate over drilling for oil in Alaska.
There were tar balls in the Gulf before drilling for oil even existed!
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Lawmakers had been debating legislation to allow drilling for oil along the U.S. coastline, particularly in Florida and California.
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