IRVINE, CA— “The House’s decision to keep a 25-year-old moratorium on oil and gas drilling off much of the nation’s coasts is a disgrace,” said Dr. Yaron Brook, executive director of the Ayn Rand Institute.

“At a time when oil and gas prices are hitting record highs, our politicians should be removing, not entrenching, obstacles to oil and gas production.

“Politicians say keeping the moratorium is justified because oil and gas drilling off the coast would ruin the view and threaten the beaches with oil spills. But there is no such thing as a “right” to an unobstructed view of the horizon. Moreover, oil spills are rare events against which oil companies take reasonable and effective precautions. As long as oil companies are held financially responsible for any property damages their activities may cause, we should let them drill at will.”

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