Pending GOP energy legislation offers deepwater incentives

Deepwater drilling in the Gulf of Mexico would get a huge boost under Republican energy proposals pending before the US Congress.Two House of Representatives committees last week sent legislation to the House floor designed to keep producers drilling in the US instead of moving to overseas plays. The deepwater provisions are part of a larger push by leaders in the Republican-led House to have the full chamber consider broad energy legislation this week that addresses key parts of the White House's energy blueprint. Democrats from oil producing states also support expanding deepwater incentives.Most of the media attention has been focused on controversial attempts by the House Committe...

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