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:
“A person taking stock in middle age is like an artist or composer looking at an unfinished work; but whereas the composer and the painter can erase some of their past efforts, we cannot. We are stuck with what we have lived through. The trick is to finish it with a sense of design and a flourish rather than to patch up the holes or merely to add new patches to it.”
—Harry S. Broudy (b. 1905)
“They commonly celebrate those beaches only which have a hotel on them, not those which have a humane house alone. But I wished to see that seashore where man’s works are wrecks; to put up at the true Atlantic House, where the ocean is land-lord as well as sea-lord, and comes ashore without a wharf for the landing; where the crumbling land is the only invalid, or at best is but dry land, and that is all you can say of it.”
—Henry David Thoreau (1817–1862)
“How happy is the sailor’s life,
From coast to coast to roam;
In every port he finds a wife,
In every land a home.”
—Isaac Bickerstaffe (c. 1735–1812)