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House rejects bill to boost drilling on leases

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posted on Jul, 17 2008 @ 03:15 PM
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House rejects bill to boost drilling on leases


news.yahoo.com

WASHINGTON (Reuters) - The House of Representatives failed to approve legislation on Thursday that would have pushed oil companies to drill on federal leases they already hold while requiring the government to more often lease tracts in an Alaskan oil reserve.

House Democrats, trying to show they favor more U.S. oil production in light of record gasoline prices, came up with the bill to counter White House and Republican lawmakers' calls to lift a congressional offshore drilling ban. The White House had threatened to veto the measure.

(visit the link for the full news article)



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posted on Jul, 17 2008 @ 03:15 PM
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Why not go after domestic oil and reduce our suicidal dependence on foreign oil?

Congress needs to do more at this point. In my opinion we are just about past the point of no return.

Another war or incident that disrupts oil production in the Middle East and it is all over... The U.S. economy will more than fall.

It is simple, drill drill drill... while and where we can, while pursuing viable alternatives.

Stop exporting our country's wealth to the middle east!


news.yahoo.com
(visit the link for the full news article)

[edit on 17-7-2008 by The_Alarmist2012]



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