Home » NEWS » Energy » House passes bill to force offshore drilling lease sales

House passes bill to force offshore drilling lease sales

GULF OF MEXICO — The Republican-controlled House has passed the first of three bills aimed at making it easier for oil companies to drill offshore.

The House passed the first measure 266-149 today. It would force the government to conduct three lease sales in the Gulf of Mexico and one off the Atlantic Coast within a year, or by June 2012. The Obama administration postponed the sales after the massive Gulf oil spill to conduct more thorough environmental reviews and account for the blowout’s effects.

The White House today said it would oppose the legislation — if it passes the Senate — because it would “hastily open up areas” to drilling. The three Gulf sales are scheduled to occur by mid-2012. The sale off Virginia at the earliest would happen in 2017.

Source: AP


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *