House GOP urges Interior to open up new offshore drilling areas
August 4, 2014
More than 160 House Republicans are urging the Obama administration to open up more areas to offshore drilling in a new five-year lease plan for oil and gas development.
The Republicans claim that opening areas of the Outer Continental Shelf that have otherwise remained off-limits, such as the Atlantic, Arctic, and parts of the Pacific oceans, would generate roughly $160 billion between 2017 and 2035.
The Interior Department is currently gathering comments from oil and gas companies, conservation groups and others to determine which parts of the seabed will be included in its lease sales for 2017-2022.
<- Go BackGive Us Your Thoughts