House leadership supports U.S. offshore overhaul

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An offshore drilling act critics said was “wish list” legislation for the oil and gas industry was hailed as a strategic win by House Republican leadership.

The House Natural Resources Energy and Mineral subcommittee heard testimony Wednesday on the Accessing Strategic Resources Offshore Act, or ASTRO. The measure would limit the presidential authority to put parts of the Outer Continental Shelf off limits to oil and gas drillers and give the Interior Department the authority to move ahead with new lease sales “as soon as practicable,” but no later than a year after the announcement of intent.

Subcommittee Chairman Paul Gosar, R-Ariz., said the offshore oil and gas industry is vital for U.S. economic success, generating “billions of dollars” in revenue and creating “millions” of direct and indirect jobs in the country…

 

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