Bush lifts offshore drilling ban
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  • President Bush lifted the nearly two decades of executive orders banning drilling for oil and natural gas off the country’s shoreline on July 14, thus forcing the US Congress to open up more areas for exploration to address the soaring energy prices1. Analysts viewed this as a contradictory policy objective to many of the proposals put forward to reduce consumption of hydrocarbon. Critics however noted that access to the Artic would yield results only in the long-term and therefore would bring no relief to the present soaring gasoline prices.

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