PIA Pleased Drilling Ban Is LiftedOctober 2008
Congress will need to take further action to structure exploration permits and to consider revenue sharing with the coastal states before drilling can begin. The move is key symbolically, as Speaker Nancy Pelosi, concerned with the drilling's environmental impact, didn't want the moratorium to expire.
PIA applauds the actions of the House and encourages Congress to continue working on legislative efforts that would lead to increased domestic production, and thus lower energy costs for manufacturers.
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