Summary
The House yesterday passed legislation to increase the amount of federal land that can be used for oil and natural-gas exploration and production in the Outer Continental Shelf.
Increased offshore drilling proposals have failed for years, but the bill, which passed yesterday on a 232-187 vote, appeased Louisiana, Alabama, Mississippi and Texas lawmakers, who were able to dramatically increase their states' share of revenues from years of producing offshore oil and gas.See the full content of this document
Extract
House Increases Area for Offshore Drilling
The bill lowers from 200 miles to 50 miles the federal moratorium on new offshore drilling. States that already allow offshore fuel produc...
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