Originally published August 2 2005
Bush lobbies for Gulf drilling
by Mike Adams, the Health Ranger, NaturalNews Editor
President Bush is urging Congress to approve oil drilling in the Gulf of Mexico, and is also adding it to the most recent energy bill.
The White House proposal would require a federal lease sale in Bristol Bay, as well as other sites in the Gulf of Mexico, and includes a revenue-sharing plan with the states, the Anchorage (Alaska) Daily News reported Tuesday.
Bryan Hannegan, an associate director of the White House Council on Environmental Quality, said in an e-mail message the proposal "would allow access to over 2 billion barrels of new oil resources and over 16 trillion cubic feet of new natural gas reserves."
It would generate $680 million in federal funds over the next decade, Hannegan wrote.
Both the Interior Department and the White House Office of Management and Budget "have signed off on this language," he added.
The White House says 12.5 percent of federal revenues would go to states with drilling off their shores.
Most of the new fund -- 63 percent -- would go to Louisiana; Alaska would get 5 percent.
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