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.

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