Congressional Ban On Offshore Drilling Is Set To Expire September 30th - Unless It’s Reauthorized
Interesting exchange at the Press briefing Monday…here’s a transcript…
Q It’s my understanding the congressional ban expires at the end of September without — unless it’s reauthorized.
MS. PERINO: Every year. It’s a yearly ban that they do in the appropriations process.
Q So would what the President wants be accomplished by allowing the congressional ban to expire, or do you need new legislation?
MS. PERINO: You need new legislation. And in addition to that, one thing that’s just a detail point, the President’s ban or executive branch ban goes through 2012. And as Wendell said, the legislative ban is something that they repeat on a yearly basis.
Q So in the new legislation, are you willing to go along with the idea of giving states veto power over whether offshore drilling is allowed, how far out it’s allowed, and willing to renegotiate the revenue sharing with them beyond — what is it, 37.5 percent?
MS. PERINO: Yes. I think all of those things are up for discussion and there’s legislation that is in front of Congress right now, and states would have — most importantly, the states would have a chance to review the decision and make their own determination. And I think states across the board will take a good, hard look at it, and they all — they have constituents and their citizens pay gas prices, too.
Nods to LGF.
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