Posts tagged ‘energy’

June 15, 2011

Senate Rejects Ethanol Tax Credit Repeal

In a mostly partisan vote, the Senate voted 40-59 to reject an amendment to the Economic Development Revitalization Act.
The amendment, offered by Senator Tom Coburn (OK) would have repealed the $3 billion excise tax credit and the tariff on ethanol imports, known officially as the Global Climate Change Mitigation Incentive Fund.

The thirteen Republican Senators (who all hail from corn-producing states) voting against S. Amdt. 436 to S. 782 were: Blunt (MO), Coats (IN), Cochran (MS), Grassley (IA), Hoeven (ND), Johanns (NE), Kirk (IL), Lugar (IN), Moran (KS), Portman (OH), Roberts (KS), Thune (SD), and Wicker (MS). Six Democrats joined the majority of the Republicans voted in support of the repeal: Cantwell (WA), Lieberman (CT), Manchin (WV), Pryor (AR), Tester (MT), and Webb (VA).

May 13, 2011

House Bill Mandates Vigorous Off-Shore Drilling Lease Policy

H.R. 1231, the Reversing President Obama’s Offshore Moratorium Act, mandates five year leasing programs which open up continental shelf areas that contain large amounts of oil and gas previously unavailable to producers. Areas to be included in the plan are those that contain at least 2.5 billion barrels of oil or 7.5 trillion cubic feet of natural gas. The long-term goal is for domestic production of 3 million barrels of oil per day and 10 billion cubic feet of gas per day from these previously unused sources. This oil production will account for an additional 57% of our current production, and an additional 16% of our consumption, reducing our dependence on foreign oil from 72% to 56%.

The bill passed by a vote of 243-179, with nine Republicans voting against it, and 22 Democrats voting for it. The Republicans who opposed the measure are: Buchanan (FL-13), Freylinghuysen (NJ-11), Jones (NC-3), Lance (NJ-7), LoBiondo (NJ-2), Mack (FL-14), Ros-Lehtinen (FL-18), Runyan (NJ-3), and Smith (NJ-4).

May 13, 2011

House Bill Lifts Gulf of Mexico Drilling Moratorium

H.R. 1229, the Putting the Gulf of Mexico Back to Work Act, effectively lifts the moratorium on oil production in the Gulf of Mexico by allowing oil companies to submit lease and drilling applications to the Department of the Interior and mandating expeditious certification of permits by the Department in previously submitted applications.

The bill passed by a vote of 263-163, with all Republicans joined by Democrats in support of the measure.

May 13, 2011

H.R. 1230 Allows for Offshore Drilling Leases

H.R. 1230, the Restarting American Offshore Leasing Now Act, passed by a vote of 266-149, with two Republicans (Jones (NC-3) and Ros-Lehtinen (FL-18)) voting against it, and 33 Democrats voting for it.

The bill provides for the auction of oil and gas well leases in the Central and Western Gulf of Mexico and the Outer Continental Shelf off Virginia within a year at the most.

The measure proceeds to the Senate where it is expected to be ratified, as it is contained in the President’s budget proposal.

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