This story was written by Faiz Shakir, Amanda Terkel, Satyam Khanna, Matt Corley, Ali Frick, Benjamin Armbruster, and Brad Johnson.
Yesterday, citing the "squeeze of rising prices at the pump," President Bush rescinded the presidential moratorium on offshore drilling.
The moratorium on lease sales in the Outer Continental Shelf was established in 1990 by his father, George H.W. Bush, in response to the devastating Exxon Valdez oil spill and extended by President Clinton.
Bush's action pressures Congress to follow him in "capitulation to the oil companies" by lifting their moratorium, which must be renewed annually. In response, Rep. Edward Markey (D-MA) said at a press conference that Bush "is invoking the specter of another WMD: wells of mass deception."
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