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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (270147)	9/25/2008 1:44:58 PM
From: gamesmistress	1 Recommendation Read Replies (1) \| Respond to of 793933

Bailout Shields Reid's Shale Ban by Amanda Carpenter townhall.com Democratic Majority Leader Harry Reid is considering finding a way to ban shale exploration while most members of Congress are focusing on the $700 billion financial bailout. Sen. Jim DeMint (R.-S.C.) posted the text of Reid’s proposed ban on shale on his Senate blog Thursday afternoon.( demint.senate.gov It would be an insult to all Americans if Senate Democrats worked to bailout Wall Street while damaging our future prosperity by banning development of vast energy reserves in oil shale,” a DeMint staffer wrote. Colorado Sen. Wayne Allard’s (R.) staff also sounded the alarm once they got wind of Reid’s plans. Allard’s state would be directly affected by the shale ban, as most of the nation’s shale depositories are in the Western states. Approximately 800 billion to 2 trillion barrels of oil are estimated to be located there. The congressional ban on offshore drilling and shale exploration is set to expire on September 30. Conservative proponents have declared October 1 “Energy Freedom Day” to celebrate the ban’s termination. The fight over offshore drilling and shale has been explosive over the last few months. Republicans celebrated last week when Democrats signaled they would let the bans naturally expire over recess. The Democrats’ concession came amid concerns their party would be faulted for high gas prices in the November election. House Republicans staged protests on the House floor throughout the August recess calling on House Speaker Nancy Pelosi (D.-Calif.) to hold stand-alone votes on offshore drilling. If Reid’s amendment is successfully added to a continuing resolution to keep government functioning while Congress recesses for the November elections, however, the ban would effectively be kept in place. Americans for Tax Reform issued a statement on Reid’s ban, urging all senators to oppose it. “Make no mistake; this irresponsible legislation will lead to increased energy costs and a loss of American jobs,” the ATR statement said. “With all the progress made in the recent weeks, why does Sen. Reid want to turn back the hands of time?”