A number of those leases exist in prohibited areas, however predate the federal ban. A lot of coastal states, resembling Florida, also ban drilling in state waters resulting from environmental and tourism considerations. British officials insist the measure is only to safeguard the nation's pursuits in the realm, in the event that the ban on mineral and petroleum exploitation modifications. On account of rising gas prices, many politicians are presently pushing Congress to raise the 1981 federal ban on offshore drilling.
Most of the world's oil and natural fuel is trapped between 500 and 25,000 ft (one hundred fifty and 7,620 meters) under dirt and rock. Not all the world's coveted petroleum reserves have been kept tantalizingly behind protective legal guidelines for decades. Even after many years of production, consultants warn that the economic influence might be minimal. These efforts value the oil industry billions of dollars,
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