Friday, May 6, 2011

House Republicans Lend Big Oil a Hand [Polidicks]

Geez, the federal government sure has made the last year so tough for struggling oil companies to get new offshore drilling leases. And if there's one sector that needs a helping hand these days, well, it's oil. But thanks to House Republicans those dark days will soon be over! Yesterday a bill was passed — creatively titled the Restarting American Offshore Leasing Now Act — by a vote of 266-to-149 to bring back offshore drilling auctions, which had been shelved in order to make sure safety and environmental concerns were addressed — a long, drawn out mess that was probably pretty annoying for oil companies. More »

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