IHS Chemical Week

People & Business :: Energy and Feedstocks

Congress to Consider Second OCS Bill

2:03 PM MDT | July 25, 2007 | Kara Sissell

Senators Mary Landrieu (D., LA) and Representative John Peterson (R., PA) say lawmakers on the House and Senate energy committees will consider drafting legislation this year to open additional areas of the U.S. Outer Continental Shelf (OCS) to oil and gas drilling. Congress passed a bill last year to open a small portion of the OCS to oil and gas drilling, but industry groups say much more domestic production is needed (CW, Dec. 13, 2006, p. 9). Industry executives say they are concerned that a raft of legislative proposals on global warming and royalty...

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