Oil Security via Domestic Production. Sen. Mitch McConnell (Ky.) offered an amendment (No. 4720) to S. 2284 that was rejected 42-56 on May 13, 2008 (Roll Call 123). This amendment to the Flood Insurance Reform bill would increase America’s supply of energy and generate jobs by ending the moratorium on offshore oil and gas leasing for the Outer Continental Shelf off the Atlantic and Pacific coasts and part of the Arctic National Wildlife Refuge; open the oil shale reserves in Colorado, Utah, and Wyoming; encourage coal-to-liquid fuels; and seek to increase refinery capacity. Filling of the Strategic Petroleum Reserve would also be suspended for 180 days in an attempt to lower gas prices short-term.
We have assigned pluses to the yeas because America is dangerously dependent on foreign oil and we should increase domestic oil production to mitigate an expected decline in foreign oil exports to America. Time is fleeting for preparing for a supply crisis.
