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API's Gerard calls Obama's OCS strategy 'positive'

05/03/2010
By Paula Dittrick
American Petroleum Institute Pres. Jack Gerard said he is optimistic about the Obama administration's announcement that it favors a US Outer Continental Shelf strategy to open new areas for oil and gas development."It is a positive turn of events," Gerard told reporters during an Apr. 21 news conference in Houston. "We've really got to wait and see how they roll this out…. We accept what the president has said, that he has taken a dramatic turn."US President Barack Obama presented the strategy in a Mar. 31 speech at Andrews Air Force Base. The strategy calls for development in areas such as the eastern Gulf of Mexico, more than 125 miles off Florida's coast; inc...
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