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
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- District at Eastover construction to start later this year
- Fervor grows for Tuscaloosa Marine Shale
- Lists
- Ex-Northwest Rankin coach David Coates dies before drug trial
- Stabenow, Cochran brace for full Senate vote on Farm Bill
- Keeping Our Eye On Nathan McNeill
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- OUR VIEW: USM makes right call by calling off tornado relief campaign
- Forward-thinking power companies transform “disruptions” into opportunities

![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
POST A COMMENT