Thursday, June 12, 2008

Energy

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Free the offshore drillers

Rep. John Peterson (R-PA) has introduced an amendment to s spending bill that would free up offshore drilling more than 50 miles off our coast, enabling American companies to drill in waters already being exploited by the Chinese, among others.

"For 27 years, Congress has deliberately locked up vast offshore oil and natural gas reserves," Peterson said, according to USA Today. "With the price at the pump increasing daily - with no end in sight - and the cost of natural gas trading at record levels, Congress needs to unlock these reserves."
Let us watch very carefully for those who vote to restrict oil supplies (and thereby continue raising prices). We have an election coming up and gasoline prices are an issue, in case you haven't noticed.
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House Subcommittee Rejects Plan to Open U.S. Waters to More Oil Exploration
Washington - A House subcommittee has rejected a Republican-led effort to open up more U.S. coastal waters to oil exploration. Rep. John Peterson, R-Pa., spearheaded the effort. His proposal would open up U.S. waters between 50 and 200 miles off shore for drilling. The first 50 miles off shore would be left alone. But the plan failed Wednesday on a 9-6, party-line vote...
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[meanwhile...]

China's Drilling for Oil in America's Backyard
House Republicans want the American people to know that right now -- around 60 miles off the coast of Key West, Fla. -- China is drilling for oil, thanks to a lease issued by Cuba. But 1,200 miles north of Key West, Democrats in Washington are blocking the United States from conducting its own environmentally-safe oil and gas exploration in similar U.S. coastal areas (Snip)
"Do congressional Democrats actually believe China has more ingenuity and more concern for the environment than the United States?"
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