Monday, October 13, 2008

US House panel's minority report disputes majority's findings The US House Natural Resources Committee's minority staff released its own report on Oct. 9 challenging one which the majority staff issued 6 months ago that has been the basis of many 2008 Democratic candidates' energy stands. The new report, "Drilling for Truth and Coming Up Empty," highlights major flaws and inaccuracies in the committee majority staff's document which Democrats from House Speaker Nancy Pelosi (Calif.) to presidential nominee Sen. Barack Obama (Ill.) have cited, according to Rep. Don Young (R-Alas.), the NRC's ranking minority member. Young said the report shows that more domestic drilling yields more domestic resources, that the federal government profits from high oil and gas prices, that drilling for more domestic oil and gas will help lower prices and reduce US dependence on imports, and that only 4% of the total 2.46 billion-acre federal mineral estate is leased for oil and gas exploration and development....

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