Wednesday, September 17, 2008

House Approves Offshore Drilling

There's only one tiny catch. They will only allow drilling where there is no oil. I haven't found an updated link to see how Kanjorski and Carney voted but will post it asap.

The House is in Democrat control and this is what they do to help their constituents??? Vote them all out!!!!!!!!!!!

Update: Kanjorski and Carney both voted for it!!! They need to go home and stay there. Vote them out!!!


Anonymous said...

Pelosi and co are not on the side of us averge people. I read that they really want gas to be 5 bucks gallon.

NEPAConseravtive said...

Looks like a big steaming pile of poopy to me !

Here's what needs to happen: Let the Congressional ban on offshore drilling expire. That way we'll actually be allowed to drill in places where there is actual oil.
So nice of them to let us drill 50 miles and out.

This is nothing more than a fraudulent election year bill, so the libs can say they tried to make our country more energy independent, they tried to bring the price of gas down, but those Big Oil Republicans just wont let it happen.

NEPAConseravtive said...

290 pages of BS !

NEPAConseravtive said...

The below information is from
which came from the desk of CONGRESSMAN MARSHA BLACKBURN
7th District Tennessee

Highlights of the Democrat Energy Bill (H.R.6899):

· Implements vast restrictions on energy drilling on the Outer Continental Shelf (OCS) compared to what would otherwise be allowed if the current moratorium on OCS energy development were allowed to expire on October 1, 2008.

· Provides states no incentive to allow for the expanded OCS drilling. That is, states would not get revenue shares in any of the newly leased areas.

· Repeals the moratorium on oil shale on federal lands, but prohibits any actual oil shale leasing unless a state allows it via state law. Allowing the current moratorium to simply expire in two weeks would allow for oil shale leasing on federal lands without state approvals.

· Releases 70 million barrels from the Strategic Petroleum Reserve (SPR) and provides for a subsequent replenishment with a less desirable grade of oil.

· Authorizes $1.7 billion taxpayer dollars to subsidize public transportation ridership already at record levels.

· Includes a requirement, commonly known as the Renewable Portfolio Standard or the Renewable Electricity Standard, that electric suppliers, other than governmental entities and rural electric cooperatives, provide 2.75% of their electricity using renewable energy resources by the year 2010—and increasing incrementally to 15% by the year 2020.

· Directs Fannie Mae and Freddie Mac to develop loan products and flexible underwriting guidelines to facilitate a secondary market for energy-efficient and location-efficient mortgages on housing for low and moderate income families—and for second and junior mortgages made for the purposes of energy efficiency or renewable energy improvements.

· Mandates gas stations owned by larger oil and gas companies to install at least one alternative fuel pump (natural gas, E-85, biodiesel, or hydrogen) by 2018.

· Includes the Charlie Rangel transportation earmark for New York by terminating the remaining portions of the New York Liberty Zone tax incentives program (implemented to encourage business investment in lower Manhattan).

· Includes several tax increases—primarily the special carve-out of large (and foreign-government-owned) oil and gas producers from the domestic manufacturing tax deduction, the freeze of this tax deduction for all other oil and gas companies, and a restriction of how foreign oil and gas extraction income is determined for purposes of the foreign income tax credit. The bill also includes a PAYGO gimmick that will force energy companies to remit $3 billion in estimated taxes in FY2013 sooner than they otherwise would have to.

What isn’t in the bill:

· Litigation reform, so that American energy exploration and development, including that authorized by this legislation, is not further halted by environmentalist lawsuits.

· Allowing energy exploration and development in the Arctic National Wildlife Refuge (ANWR).

· Expedited petroleum refinery permitting.

· Expedited nuclear reactor permitting.

· There is also no language regarding futures markets speculation.

NEPAConseravtive said...

BTW, thanks for the link update on your site !

Zen said...

No prob.