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AUGUST 2008 ISSUE

BEATING THE PIRATES
What's the best way for a shipowner to avoid having a ship hijacked by pirates?

Reroute the ship even if it means a huge diversion
Stay within recommended safe limits and patrolled areas
Hire an on-board security team
Just hope for the best

October 1, 2008

Drilling ban dies

The President signed into law yesterday a continuing resolution that lacked any language to continue a 26-year long Congressional ban on offshore energy development.

The National Ocean Industries (NOIA) said it was "pleased that these rigid prohibitions have now been removed."

"Now, as a nation, we are free to engage in an actual policy debate over where it is and is not appropriate to explore for and produce oil and natural gas from our offshore reservoirs," said NOIA President Tom Fry. "There is already an extensive public process to solicit input from companies, individuals, state leaders and environmental organizations. This debate will now be that much more robust since 85% of the lower 48's OCS is no longer simply closed off from consideration."


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