Tags: oil | drilling | gop | obama

US Republicans Want Oil Driiling to Pay for Roads

Thursday, 17 Nov 2011 03:17 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Republicans on Thursday sought to lift a U.S. ban on new offshore oil and gas drilling and use related royalties to help finance road and bridge construction.

The plan, presented as a jobs bill and outlined by House Speaker John Boehner, would blend three energy bills into one infrastructure blueprint covering transportation upgrades over five years.

Boehner called the proposal for expanding energy production a responsible way to help pay for transportation programs, which are under financial pressure due to declining gasoline tax receipts.

The measure would also open part of the Alaska National Wildlife Refuge to oil exploration and set rules for extracting shale resources.

Boehner hopes to bring the measure up for a vote in the Republican-led House before the end of the year.

The Obama administration has proposed a modest expansion of offshore drilling. Lifting the drilling ban stands virtually no chance of passage, however, in the Democratic-controlled Senate.

A bipartisan $109 billion bill funding transportation programs with gas tax receipts for two years has been proposed in that chamber.

The Senate earlier this month rejected a $60 billion Obama administration stimulus proposal for creating jobs through infrastructure improvements.

Transportation Secretary Ray LaHood would not comment on the House proposal in a conference call.

LaHood has been pressing former congressional colleagues to pass a long-term transportation funding plan to pay for needed infrastructure improvements.

The previous long-term law authorizing U.S. government spending on transportation programs expired in 2009. Construction has since been financed by a series of short-term extensions that leave states less able to plan and budget projects.

The current extension expires March 31.

 

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Kerry: US Working with Vatican Against Human Trafficking

Sunday, 20 Apr 2014 16:55 PM

The United States is working with the Vatican to fight human trafficking, Secretary of State John Kerry wrote in an op-e . . .

Ex-Justice Stevens: Founders Did Not Want Individual Right to Arms

Sunday, 20 Apr 2014 13:59 PM

Guns will likely never be banned in the United States, retired Supreme Court Justice John Paul Stevens says, even if the . . .

Cardinal Timothy Dolan: 'I Like Jeb Bush A Lot'

Sunday, 20 Apr 2014 13:48 PM

Cardinal Timothy Dolan, the Archbishop of New York, says he can't say whether he would vote for Republican Jeb Bush for  . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved