Pelosi’s Energy Bill is a Sham » The Foundry Quote:
The House introduced new energy legislation late last night. Finally…right? The House also wants to bring the 290-page bill, which can be found here, to the floor today. You think the 435 Members in the House of Representatives are going to meticulously read all 290 pages? A bill that makes fundamental changes to thousands of pages of earlier energy bills as well as the tax code. Please.
Permanently ban access to 97% of the 10.5 billion barrels off the California coast. Then, California gets to decide whether to produce just 3% of its resources.
• Continue the ban on the Eastern Gulf of Mexico, an area with an estimated 3.65 barrels of oil and 22 trillion cubic feet of natural gas
• Institute a first-ever 50 mile ban off the coast of Alaska.
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http://www.instituteforenergyresearc...ce-pacific.pdf
if you open the chart, most of the oil is within 25 miles of shore, which, this great bill would make off limits.
You would get more energy from this plan by burning the 290 pages it was written on. this is an attempt to say to the American people "look we tried but the Reps voted against." Yes, voted against a bill not worth the paper it is printed on. After all, she needs to keep the price of oil high, she personally has money invested in the T. Boone plan.