New Era Delayed by Financial Crisis

by

Senators Kent Conrad and Saxby Chambliss have decided to wait until after the elections, and introduce the New Era legislation in the next session of Congress.  The House and Senate leadership has directed its full attention to the $700 billion financial rescue package, leaving no time before the election recess to debate energy policy.  This means that the moratorium on offshore drilling for oil and gas will expire at the end of this week, and will presumably not be an issue going forward in the election campaign. Nevertheless, the Gang of 20 (10 senators from each party) did meet with T. Boone Pickens to discuss his proposed plan for energy independence, many elements of which are in the New Era draft legislation. http://conrad.senate.gov/pressroom/record.cfm?id=303413&

Advertisements

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: