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Acting—again—on energy

08/11/2008
For a baffling array of bad reasons, the US Congress produced, before starting its 5-week recess, one beneficial proposition on energy along with a baffling array of wrong proposals, one of which would annul the lonely right one. This may be all anyone should expect from a body that has passed two wayward energy laws in the past 3 years.At least offshore leasing has new life as a political issue and receives attention in new House and Senate bills. In neither case, however, does the effort go far enough. The Senate measure would allow federal oil and gas leasing off several eastern states but make it subject to state approval, a 50-mile buffer zone, and federal-state revenue sharing. It a...
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