Gulf Sens. Call For 1-Year Oil, Gas Lease Extensions

Law360, New York (March 10, 2011, 1:32 PM EST) -- A group of senators in the states surrounding the Gulf of Mexico is proposing a one-year extension of all oil and gas exploration leases in the Gulf in order to return the time lost during the Obama administration’s moratorium.

The bill, known as the Lease Extension and Secure Energy Act, was introduced Wednesday by Sens. Kay Bailey Hutchison, R-Texas, and Mary Landrieu, D-La. Co-sponsors are Sens. John Cornyn, R-Texas; Thad Cochran, R-Miss.; Roger Wicker, R-Miss.; Jeff Sessions, R-Ala.; Richard Shelby, R-Ala.; David Vitter, R-La.; and Lisa...
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