UPI published the following story about Senator Mitch McConnell's work to pass the Gas Price Reduction Act. Senator McConnell's bill would give states the option of allowing offshore energy exploration. Read the entire UPI article here.
The rising price of oil is pushing public sentiment and the U.S. Congress toward renewed debate on offshore oil and gas exploration Senate Minority Leader Mitch McConnell, R-Ky., has introduced a bill to open territorial waters 50 miles offshore to exploration, The Washington Post reported.
Forty-three Republican are listed as co-sponsors and McConnell has begun negotiating with Senate Majority Leader Harry Reid, D-Nev., on the issue, the Post reported.
On Saturday, U.S. President George Bush voiced support for the plan, saying technological advances had made offshore drilling environmentally safe.
Americans "are saying loud and clear" they favor oil exploration to reduce the price of gasoline, McConnell said.
...The U.S. Geological Survey estimates there are "conventionally recoverable resources" of about 17.8 billion barrels that have yet to be discovered, the Post reported.
