Middle Atlantic Coast
A number of oil companies bought federal leases offshore North Carolina, but in 1990 the US Secretary of Commerce denied Mobil Oil permission to drill after Congress passed the North Carolina Outer Banks Protection Act, prohibiting leasing and drilling on federal seabed offshore from North Carolina. Mobil and Marathon Oil sued the federal government to recover money paid for the leases. The US Supreme Court ruled for the oil companies in June 2000, and ordered the federal government to repay $158 million. The government paid, and the companies relinquished the leases.
Read more about this topic: Offshore Drilling On The US Atlantic Coast
Famous quotes containing the words middle, atlantic and/or coast:
“People who are always praising the past
And especially the times of faith as best
Ought to go and live in the Middle Ages
And be burnt at the stake as witches and sages.”
—Stevie Smith (1902–1971)
“In clear weather the laziest may look across the Bay as far as Plymouth at a glance, or over the Atlantic as far as human vision reaches, merely raising his eyelids; or if he is too lazy to look after all, he can hardly help hearing the ceaseless dash and roar of the breakers. The restless ocean may at any moment cast up a whale or a wrecked vessel at your feet. All the reporters in the world, the most rapid stenographers, could not report the news it brings.”
—Henry David Thoreau (1817–1862)
“And ladies with their nails prepared for tea
And sunken barques that coast the shores of hell
And old men vacant of propriety
Have faintly rung a next-door neighbor’s bell.”
—Allen Tate (1899–1979)