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:
“The blood of Abraham, God’s father of the chosen, still flows in the veins of Arab, Jew, and Christian, and too much of it has been spilled in grasping for the inheritance of the revered patriarch in the Middle East. The spilled blood in the Holy Land still cries out to God—an anguished cry for peace.”
—Jimmy Carter (James Earl Carter, Jr.)
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—Henry David Thoreau (1817–1862)
“Have we even so much as discovered and settled the shores? Let a man travel on foot along the coast ... and tell me if it looks like a discovered and settled country, and not rather, for the most part, like a desolate island, and No-Man’s Land.”
—Henry David Thoreau (1817–1862)