Saturday, July 26, 2008

If we can't have offshore drilling, then we'll let the speculators set the price of gas.

Oil-speculation bill blocked - The Boston Globe
Senate Republicans blocked action yesterday on legislation proposed by the Democrats to curb speculation in energy markets and reduce record oil prices.

The measure, sponsored by Senate Majority Leader Harry Reid, didn't get the 60 votes required to end debate and bring it to a final vote. The tally was 50-43.

Republicans want to be able to debate numerous amendments to the legislation, including expanding offshore drilling for oil and natural gas. Reid, of Nevada, said the Republicans were trying to talk the legislation to death. He proposed limited amendments, with the goal of moving the measure before Congress leaves for its August break.

Somebody please find the logic in this?

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