|
Democrats say the industry should first go after oil and natural gas in areas where they hold leases. They also say Republicans are simply seeking political advantage with a pro-drilling plan that won't deliver new U.S. oil for another decade or so, and that the GOP's fixation on drilling is a smoke screen for the Bush administration's inability to prevent the sharp spike in gasoline prices. "The administration's responsibility was to protect the American people from this kind of gouging, and they did nothing," said Sen. Christopher Dodd, D-Conn. "So today they're trying to deflect the very legitimate criticism of,
'What did you do on the watch?'" In the Senate, Majority Leader Harry Reid, D-Nev., unveiled a bill this week aimed at curbing speculation in the oil markets that Democrats say has contributed to the rapid rise in the price of oil. Action could begin this week. Republicans hope to use the bill as a vehicle for votes on further offshore exploration, among other pro-energy production measures.
[Associated
Press;
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor