Many House Republicans are supporting a bill that would allow more than thirty Gulf of Mexico drilling projects to resume after a moratorium following the Macondo disaster halted all new deep-water projects.
Congressman Tim Murphy of Pennsylvania today introduced H.R. 840, known as the Safe Exploration Coming from Underwater Reserves of Energy (Secure) Act.
The bill would allow drillers with previously approved permits to begin producing oil immediately.
“Unrest in Libya is a clear warning to the US and our economy: become energy independent or pay the price with more job losses, a worsening economy, and families crushed by higher gas prices,” said Murphy, who was joined by 21 fellow Republicans in introducing the bill. “It’s time we got serious about securing our future energy needs and reducing our dependence on foreign oil.”
Murphy added: “Each day that passes keeps an estimated 220,000 barrels of oil off the market.”