Gas Prices: Time for Action Today

By May 10, 2006Energy

God knows we’ve written enough in this space of late about gas prices. A few commentators have suggested we all rise up and weigh in. Well, the time has come to do just that. The first test is here.

Today, the House Appropriations Committee will take up the Interior Department spending bill. Rep. John Peterson (R-PA), all-around hero on this issue, is expected to offer an amendment that would lift the 25-year federal moratorium on exploration of the Outer Continental Shelf (OCS) for natural gas. While we’d like to see it lifted for oil too, natural gas is certainly a good start. We pay the highest prices in the world for the stuff now, all the while sitting on 420 trillion cubic feet of it. Remember that we’re the only country in the world that limits access to our own natural resources. And, the natural gas doesn’t “spill’, so what’s the beef here?

Here’s a link to the Appropriations Committee roster — with links to each member’s office, and their phone and fax numbers — and here’s a link to a general page where you can weigh in with your own Member of Congress. Hope you’ll do it, and hope you’ll pass it on to others who understand the law of supply and demand.

[UPDATE] The House Appropriations Committee approved the Peterson amendment by a vote of 37-25. This is huge, but is only a first vote. It’s out of Committee, still has far to go. Will post roll call vote later. Thanks to all of you who weighed in.