Speculation Bill Should OK Offshore Drilling: Senator

Law360, New York (July 22, 2008, 12:00 AM EDT) -- The top Republican on the U.S. Senate Committee on Energy and Natural Resources has said he will push to add a provision to lift the moratorium on deep-sea energy exploration to a newly proposed bill aimed at curbing energy speculation.

“Although I'm perfectly willing to work with Democrats on speculation, it is clear to me — and most economists — that the real reason for the high price of oil is a global supply and demand imbalance,” Sen. Pete Domenici (R-N.M.) said on Monday. “For that...
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