Oil Drilling: An Early Jump In Florida

Posted by on July 5th, 2008 at 07:57pm

Wealth Channels wrote an interesting post today on
Here’s a quick excerpt
Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide. No more. Record crude oil prices are fueling support for oil and natural gas exploration off the nation’s shores. In Florida, movement was underway even before President Bush called on Congress last month to lift a federal moratorium that’s barred new offshore drilling since 1981. The early activity here stems from a 2006 Congres

Read the rest of this great post here

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