Oil drilling

From Conservapedia
This is the current revision of Oil drilling as edited by Whizkid (Talk | contribs) at 01:47, June 10, 2016. This URL is a permanent link to this version of this page.

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search
Oil drilling rigs (c. 1920)

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.