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Drill offshore and give states a bigger cut of revenues
To change that, a lawmaker is offering a novel idea. Rep. Sue Myrick of the House Energy and
Commerce panel wants to let coastal states decide whether drilling is environmentally risky. She has
introduced a bill that would give coastal states that want offshore drilling the power to opt out of the
Interior Department's offshore restrictions.
And as a powerful incentive, Myrick, R-N.C., proposes cutting them (and adjacent states) in on the
federal revenues from leases. Washington now collects as much as $8 billion a year in existing Gulf
royalties, a figure that would balloon as coastal regions opened for exploration.
http://www.ibdeditorials.com/IBDArticles.aspx?id=296435488187160
Need to write her a letter.
To change that, a lawmaker is offering a novel idea. Rep. Sue Myrick of the House Energy and
Commerce panel wants to let coastal states decide whether drilling is environmentally risky. She has
introduced a bill that would give coastal states that want offshore drilling the power to opt out of the
Interior Department's offshore restrictions.
And as a powerful incentive, Myrick, R-N.C., proposes cutting them (and adjacent states) in on the
federal revenues from leases. Washington now collects as much as $8 billion a year in existing Gulf
royalties, a figure that would balloon as coastal regions opened for exploration.
http://www.ibdeditorials.com/IBDArticles.aspx?id=296435488187160
Need to write her a letter.
The Polbot Political Site