House Coalition Offers OCS Bill; Speculation Bill Not Dead

A coalition of House lawmakers, led by Reps. John Peterson (R-PA) and Neil Abercrombie (D-HI), Thursday introduced a bipartisan, comprehensive energy bill that seeks to lift the congressional moratorium on oil and natural gas drilling in closed areas of the federal Outer Continental Shelf (OCS). Meanwhile, House leaders plan to take another go at anti-energy speculation legislation, but a Democratic aide said it’s likely to be after the August recess.

August 1, 2008