Senate Bill Would Expand U.S. Natural Gas Supply

Senate Republicans have introduced an industry-backed bill that would expand U.S. natural gas production offshore and in Alaska, a proposal the lawmakers say is necessary to stem rising oil and gas cost. The American Energy Production Act of 2008 would produce an estimated 24 billion additional bbs/day of oil and an estimated 47 trillion cu ft of natural gas. Domenici: Consumers are paying the price. “For years now I have been trying to develop more domestic production of oil and gas, and for years, with one exception in the Gulf of Mexico, I have been...

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