Offshore update ///

The newly formed U.S. Commission on Ocean Policy met publicly for the first time, starting the 18-month clock, during which the panel must complete its comprehensive review of ocean and coastal activities and formulate its recommendations for a national ocean policy. The commissioners elected Admiral James D. Watkins, Ret., as chairman and established a committee structure to focus closely on certain policy areas. In June, President Bush announced his appointments to the commission, formed as a result of the Oceans Act of 2000. The commission will make policy recommendations on issues such as: possible change to laws on use of ocean resources; assessing ocean-related facilities and technologies; reviewing the supply / demand of ocean resources; and reviewing opportunities for developing ocean products / technologies.

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