On Wednesday May 11, 2011, the United States House of
Representatives advanced two bills that would accelerate offshore
oil and gas drilling. The first of two bills would give the Federal
Bureau of Ocean Energy Management, Regulation and Enforcement a
maximum of sixty days to approve or reject applications for
offshore drilling permits. If the board fails to make a decision
within the time frame, the legislation automatically deems the
permit application to be approved.
The second bill relates to forcing the federal government to sell
drilling leases in waters off the coast of California and much of
the Atlantic coast. Neither measure is expected to advance in the
Senate as the Obama administration, as well as congressional
democrats have voiced there opposition to the passing of such
legislation.
The bills attempt to address the continued debate surrounding the
cause of and solution to high gasoline prices in the United States.
Supporters of the house bill argue the legislation would have the
effect of eventually lowering oil prices by ensuring more crude oil
supplies are tapped domestically.
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