Massive Congressional Giveaway Opens Pristine Waters to Drilling at Half the Price

WASHINGTON–(ENEWSPF)–May 13, 2011.

Summary:

• The U.S. House of Representatives yesterday passed the third bill in a series of three fast-track drilling pieces that favors Big Oil profits over safety of coastal communities and environments.  

  

• H.R. 1231, The Reversing President Obama’s Offshore Moratorium Act, is a massive handout to the oil and gas industry. This legislation forces the federal government to take on 50% of the cost of seismic testing for oil and would require…