include"/home2/www/vhosts/energy-daily.com/edxphp/edxphp-start.php" ?>
Republicans Eye Alternate Drilling Bill![]() Oil rigs in the Gulf of Mexico. |
"I don't want to end up having no progress," said Peterson, a strong advocate of off-shore drilling. "Something is better than nothing."
"With Nancy Pelosi as speaker it will be difficult to talk about producing in the outer continental shelf," he told the newspaper.
The bill passed by the Senate allows for 8.3 million acres of federal waters in the Gulf of Mexico to be opened for bidding by gas and oil drilling companies. The waters are thought to contain 5.8 trillion cubic feet of natural gas and 1.3 billion barrels of crude oil.
"I would hope that the House could appreciate what is possible and try to help move forward for the American people," the Times report quotes John Hofmeister, president of Shell Oil, as saying. "Let's get a bill cleared that the president can sign."
Community
Fairbanks AK (SPX) Nov 14, 2006| The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |