Info
offshore300.jpg Submitted by WWAY on Mon, 09/15/2008 - 5:13pm.

The concern about the spike in gasoline prices is making its way to Congress. Democrats in the House of Representatives are preparing legislation that might relax the ban on drilling for oil off our coasts. The legislation will ask utility companies to also seek power from renewable sources, and provide tax incentives for alternative energy like wind power. "The tax credits that are currently given to the oil companies, approximately 15 billion dollars, can be utilized for renewable energy objectives." said Roger Shew, professor of environmental studies at UNCW. The prospect of relaxing the restrictions is drawing strong opposition from those concerned about the environment. They argue that offshore drilling will not help reduce oil prices.

Full Story »
The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
CAPTCHA
Please re-enter the code shown in the image below.

Reply