To my last post:
Dear Mr. S:
Thank you for your recent correspondence in opposition to the Putnam-Capps amendment to restore the Congressional moratorium on natural gas drilling off the coast of Florida. I appreciate hearing from you on this important issue.
For the past several months, my colleagues in the Florida delegation and I have been working with the Resources Committee to devise a compromise plan that allows for responsible natural gas exploration in which the coastal States have a voice. The Interior Appropriations bill under consideration, however, would have allowed for drilling as close as three miles off the Atlantic Coast and 9 miles off the Gulf Coast, regardless of the laws of the states involved. By a vote of 217 to 203, the House voted to adopt my amendment and strip this provision from the bill.
Congress should – and it will – consider all options to increase our nation’s energy supply. Those options will include discussions of drilling off the Outer Continental Shelf, and I will continue to work with Chairman Pombo of the Resources Committee to produce a reasonable, workable compromise.
Again, thank you for taking the time to share your views. If you are interested in legislation that is pending before Congress, are experiencing difficulties with federal programs or simply wish to express your views, please visit my website at www.adamputnam.house.gov.
May God continue to bless America. Sincerely, Adam Putnam Member of Congress
Well that's great and all. The laws of the states should be respected. However, my sense is that so far, we're maintaining instead of decreasing restrictions. I dunno.
In the original article there was a quote which essentially said that starting drilling now wouldn't have an impact on current prices. I beg to differ with a caveat. Given that oil and gas are commodities, the prices that you see today were set about two months ago. If we could start drilling tomorrow, there would be a difference in the price 2 months from then and new drilling would cause the price to go down, barring any major problems. Maybe not a whole hell of a lot, but the market would respond to it.