Bill Passed By Senate Panel Would Open More Of Arctic For Crude Oil Exploration
Source: OPB
A Senate panel approved energy legislation Thursday that would lift the 40-year-old ban on crude oil exports and open more areas of the Arctic, Gulf of Mexico and the Atlantic Ocean to oil and gas exploration.
Republican Lisa Murkowski of Alaska, chairman of the panel, championed the bill, which passed by a party-line vote of 12-10. She said lifting the ban would turn the U.S. into an energy superpower.
Democrat Maria Cantwell of Washington said after the vote that she has questions about what lifting the ban would mean for gasoline prices in her state, which she said are among the highest in the nation.
The committee also passed a comprehensive energy bill, but with bipartisan support.
Read more: http://www.opb.org/news/article/senate-panel-passes-bill-lifting-crude-oil-exports-ban/?google_editors_picks=true
Autumn
(45,120 posts)bluestateguy
(44,173 posts)Thespian2
(2,741 posts)to live in an Oil-i-garchy...
ruffburr
(1,190 posts)Like to post on this subject would not be even close to fit for consumption, leave it suffice to say, The unmitigated ignorance of these people who are playing the denial card to cover their profiteering is beyond criminal into treason of not only the U.S. but the whole Damn planet.
PumpkinAle
(1,210 posts)and making the big oil companies pay their own way.
Lifting the ban will do nothing for lowering prices - the logic of the oil companies is "we need more money for exploration.. gimmee".
Oil per barrel prices are almost back in the 1980s price range - but you wouldn't know it at the pump.