Editorial: Offshore opportunity

05/02/2005
The US oil and gas industry has its best chance in many years to break a senseless logjam in offshore leasing. It should approach the opportunity carefully-but boldly. There is danger in aiming too low. The goal is energy supply, not a clever political deal.High prices of natural gas are straining what for many years has been unyielding support for moratoriums on leasing of the Outer Continental Shelf off the East Coast. Many industries staggered by elevated gas costs now recognize that relief requires an increase in supply and that moratoriums represent idle supply potential. Lawmakers, therefore, are hearing old arguments from new sources.Signs of opportunityHence the opportunity. An ea...
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