House passes OCS reform bill; OMB joins protests

07/10/2006
The US House of Representatives passed legislation June 29 that would lift federally imposed moratoriums on Outer Continental Shelf oil and gas drilling. But passage, by a 232-187 vote, came amid opposition not only from several coastal state members but also from the White House Office of Management and Budget.Before the final vote, opponents used OMB’s statement of administration policy, released earlier in the day, to support their charges that provisions to share federal OCS revenues with coastal states make HR 4761 fiscally irresponsible.OMB said the provisions would not provide production incentives but simply reduce federal revenue by billions of dollars. It also said the bil...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected