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:
“Never since the middle summer’s spring
Met we on hill, in dale, forest, or mead,
By pavèd fountain or by rushy brook,
Or in the beachèd margent of the sea
To dance our ringlets to the whistling wind,
But with thy brawls thou hast disturbed our sport.”
—William Shakespeare (1564–1616)
“Obscurest night involv’d the sky,
Th’ Atlantic billows roar’d,
When such a destin’d wretch as I,
Wash’d headlong from on board,
Of friends, of hope, of all bereft,
His floating home for ever left.”
—William Cowper (1731–1800)
“It cannot but affect our philosophy favorably to be reminded of these shoals of migratory fishes, of salmon, shad, alewives, marsh-bankers, and others, which penetrate up the innumerable rivers of our coast in the spring, even to the interior lakes, their scales gleaming in the sun; and again, of the fry which in still greater numbers wend their way downward to the sea.”
—Henry David Thoreau (1817–1862)