By
Associated Press
.
Published: Tue, September 16, 2008 - 9:01 pm
Last Updated: Tue, September 16, 2008 - 9:19 pm
The House has voted to allow oil drilling offthe nation's Atlantic and Pacific coasts if states agree - but only
50 or more miles out. Republicans called the bill a ruse, saying
that's well beyond where most of the estimated 18 billion barrels
of oil is located.
House Speaker Nancy Pelosi said the bill - approved late Tuesday
236-189 - marked "a new direction in energy policy" because of
its emphasis on alternative energy.
The bill rolls back $18 billion in oil industry tax breaks and
imposes new oil and gas royalties, while giving tax incentives for
wind and solar industries and for conservation. Even before the
vote, the White House said President Bush would veto it if it
passes Congress.
Former Montgomery Mayor On Capitol Hill
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