An OCS leasing step

In the year since comprehensive energy legislation became law as the Energy Policy Act of 2005, Congress has stayed busy trying to pass more energy legislation. The exertion says much about last year’s triumph.To the good fortune of energy consumers, Congress so far hasn’t managed to pass any of the recent proposals. Most bills have been designed to punish oil and gas companies for earning money while prices are high-that is, for being oil and gas companies. With one exception, the few constructive measures on offer this year-to streamline the permitting of refinery construction, for example, and to approve leasing of the Arctic National Wildlife Refuge coastal plain-have stal...

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