Difference between revisions of "Oil drilling"
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[[Image:Petroleum_field_at_Moreni.jpg|thumb|right|200px|Oil drilling rigs (c. 1920)]] | [[Image:Petroleum_field_at_Moreni.jpg|thumb|right|200px|Oil drilling rigs (c. 1920)]] | ||
'''Oil drilling''' is the [[commerce|commercial]] activity of [[drill]]ing for, and exploiting [[subterranean]] [[petroleum]] or [[hydrocarbon]] [[resource]]s. | '''Oil drilling''' is the [[commerce|commercial]] activity of [[drill]]ing for, and exploiting [[subterranean]] [[petroleum]] or [[hydrocarbon]] [[resource]]s. | ||
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For decades there has been a federal [[moratorium]] on new offshore oil drilling for much of the continental United States. In September 2008, under pressure by high oil prices and the status of drilling as a Presidential campaign issue, [[Congress]] refrained from renewing the ban and allowed it to sunset. | For decades there has been a federal [[moratorium]] on new offshore oil drilling for much of the continental United States. In September 2008, under pressure by high oil prices and the status of drilling as a Presidential campaign issue, [[Congress]] refrained from renewing the ban and allowed it to sunset. | ||
Latest revision as of 01:47, June 10, 2016
Oil drilling is the commercial activity of drilling for, and exploiting subterranean petroleum or hydrocarbon resources.
For decades there has been a federal moratorium on new offshore oil drilling for much of the continental United States. In September 2008, under pressure by high oil prices and the status of drilling as a Presidential campaign issue, Congress refrained from renewing the ban and allowed it to sunset.