How You Can Tell Coastal Drilling Is A Bush-McCain Fraud

More fraud from John McCain and George W Bush when it comes to the issue of coastal drilling. The NY Times is reporting tonight that drilling boats which would be needed to get to any oil from coastal areas are booked for at least the next five years.

As oil trades at more than $135 a barrel — up from $68 a year ago — the world's drill-ships are booked solid for the next five years. Some oil companies have been forced to postpone exploration while waiting for a drilling rig, executives and analysts said.

Demand is so high that shipbuilders, the biggest of whom are in Asia, have raised prices since last year by as much as $100 million a vessel to about half a billion dollars.

"The crunch on rigs is everywhere," said Alberto Guimaraes, a senior executive in charge of developments in the Gulf of Mexico at Petrobras, the Brazilian oil company that has discovered some of the most promising offshore oil but has been unable to get at it.

Yesterday when McCain announced that he would flip flop on the coastal drilling issue he told the press that it would mean "short term relief" for consumers.

Confused? Three weeks ago McCain told a townhall audience that coastal drilling was a bad idea and "would take years to develop, you would only postpone or temporarily relieve our dependency on fossil fuels,"

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