U.S. House approves disaster aid bill / offshore drilling

Disaster aid for hurricane-striken Gulf Coast states has been added to a massive fedral spending bill and approved by the House.  From Nola.com:

The package would provide $22.9 billion for disaster assistance….

One important point in the negotiation of this bill however, is that some lawmakers were forced to swallow some parts of the bill, including lifting the ban on offshore drilling WITHOUT revenue sharing for the states that agree to the new drilling:

Democrats also agreed to lift the current ban on offshore drilling. Because it doesn’t provide revenue sharing for states that agree to new drilling, some predicted that some governors and state legislatures would resist proposals to drill off their shores.

Still, some Louisiana lawmakers called the Democratic concession a major victory.

“The American people have finally been heard as they’ve demanded ‘drill here, drill now,’ ” said Sen. David Vitter, R-La. “There’s more work to be done, but this is a real breakthrough that will allow us to explore new and untapped areas for energy.”

Interesting.  This assistance is certainly a positive step towards recovery efforts.  Funny though that once again Louisiana provides energy for the nation and gives away the revenue.


~ by vermilionaire on September 29, 2008.

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