The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (128678)	6/12/2008 9:50:06 PM
From: Jim McMannis	Read Replies (1) of 306849

GOP resurrects offshore oil drilling plan tampabay.com WASHINGTON — With gas topping $4 a gallon, Republicans on Capitol Hill are reviving an issue that most Florida politicians and environmentalists had considered settled: offshore oil and gas drilling. On Wednesday, a House subcommittee narrowly defeated a measure to allow oil and gas exploration as close as 50 miles off the entire U.S. coastline, including portions of the eastern Gulf of Mexico protected by a hard-fought 2006 compromise. The amendment is expected to come up again when the full House Appropriations Committee meets next week. Gas prices are a top concern for voters, and Republicans see political opportunity as well as a chance to reverse the 30-year-old U.S. policy of restricting energy exploration off Florida, most of California and the mid-Atlantic. Republican leaders have begun to refer to the Democrat-led House as the "Drill-Nothing Congress," and members of the House and Senate have proposed revisiting the idea of drilling in Alaska's Arctic National Wildlife Refuge

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