Top Dem Says Sequester Will Impede Oil, Gas Production

Law360, New York (February 19, 2013, 8:48 PM EST) -- The top Democrat on the House Natural Resources Committee warned Tuesday that the looming $1.2 trillion in budget reduction known as the sequester will slow fossil fuel production on public lands, and called on Republicans to reach a deal to avoid the cuts.

In a committee report, Rep. Ed Markey, D-Mass., said the sequester would strike tens of millions of dollars the U.S. Department of the Interior uses to regulate oil and natural gas drilling and force the agency to lay off employees who handle leasing...
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