|
12
Nov
|
by Mirth • 4:18 pm
|
The Democrats’ return to power is increasing pressure on House Republican leaders to accept a limited expansion of offshore oil and gas drilling.
Supporters of such exploration say the next Congress, with Democrats in control come January, probably will not tamper with the long’standing drilling bans that have protected most coastal waters for a quarter-century.
A stubborn standoff has festered for months between the House and Senate over developing more of the oil and gas resources in the Outer Continental Shelf. The dispute is expected to be an issue in the final days of the Republican-run Congress this week when lawmakers meet in a lame-duck session.
The proposal is of great importance to Louisiana and three other Gulf Coast states. They stand to reap hundreds of millions of dollars under changes to the way the government shares royalties from oil and gas taken from the Gulf of Mexico……Louisiana expects eventually to get an annual flow of more than $650 million a year, compared with about $32 million now from production in state-controlled waters, according to the state’s congressional delegation.
Sen. Mary Landrieu, D-La., says the additional money is needed to restore the Gulf Coast. Its barrier islands, wetlands and levees were ravaged by storms, including Hurricane Katrina.
“This is to provide a reliable stream of revenue so that the Gulf Coast states can secure an independent source of revenue to build these levees and restore this coastline,” she said in an interview.
Ruin the coast to have money to save the coast?
I have a problem with this from Landrieu.
Oh! You too?
Filed: Congress, Hurricane Katrina








