Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:38, August 02, 2006
U.S. Senate approves bill to open more offshore drilling
font size    

The U.S. Senate approved a bill on Tuesday to open more federal waters in the central Gulf of Mexico to oil and gas drilling.

The measure, which was approved with a vote of 71-25, will open 8.3 million acres of federal waters in the Gulf region and would be a major step toward producing more domestic energy.

"This bill will substantially reduce our reliance on foreign oil and gas. ... It brings more American energy to American consumers," declared Senate Majority Leader Bill Frist.

However, some critics of the legislation noted that it will be years before any oil or gas will be taken from the 8.3 million acres and that the legislation falls short of addressing many of the country's energy problems.

The U.S. Senate now must be reconciled with much broader drilling legislation passed by the House of Representatives in June.

The U.S. House of Representatives approve a bill in June to end a offshore drilling ban which has been lasting about 25 years and allow energy companies to tap natural gas and oil beneath waters. The bill also would revamp how the federal government shares oil and gas royalties with states, producing a windfall for states on the Gulf of Mexico area.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved