PENSACOLA, Fla. - 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 under way even before President Bush called on Congress last month to lift a federal moratorium that’s barred new offshore drilling since 1981. More

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Posted by markw, filed under Ecology, Finance. Date: July 5, 2008, 12:06 am |

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