02 February 2012

As if Fracking Weren't Bad Enough

WASHINGTON - House Republicans are pushing a plan to allow oil drilling in the Arctic National Wildlife Refuge and several other areas currently considered off-limits to energy production, stapling the measures to a massive transportation bill expected to move through the House.

The House Natural Resources Committee Wednesday passed a trio of bills directing the government to allow drilling in the Atlantic and Pacific oceans--where leases aren't currently offered--and open up a chunk of the Arctic refuge to drilling. The bills also pave the way for oil-shale development in western states.

The bills will be attached to a measure endorsed by House Speaker John Boehner (R., Ohio) that authorizes $260 billion over five years to fund federal highway and transit programs. Republicans say the revenue from expanded oil production will help pay for the transportation projects.

The House is likely to approve the package in the near future, marking a win for the oil-and-gas industry that urges greater access to U.S. lands and waters. The fate of the legislation in the Senate is less clear, however, given the Democrats' control of that chamber.
Among the most-controversial bills approved by the committee Wednesday is a measure that allows drilling on a 3% chunk of the Arctic National Wildlife Refuge. The measure passed by a vote of 29-13.
Rep. Don Young (R), the sole representative from Alaska, long has pushed for oil production in the refuge and said it would be a "foolish mistake" to ignore the oil resources under the refuge.[...]
The committee also passed a bill by a vote of 25-19 compelling the Obama administration to allow drilling in the Atlantic and Pacific oceans. A formal moratorium on drilling in the areas was lifted in 2008, however, many state governments continue to oppose oil production off their coasts. The Obama administration maintained a years-long ban on the Atlantic and Pacific when it proposed a five-year plan for offshore-oil drilling late last year.

Republicans have passed multiple pieces of legislation to expedite or expand U.S. oil production, asserting the energy industry is a source of jobs in a weak economy. But the legislation fizzles once it hits the Senate.
Copyright (c) 2011 Dow Jones & Company, Inc.

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