House Energy Bills Spark Oil Debate
An energy trade group said energy legislation proposed by U.S. lawmakers would enhance energy security, though a critic says it panders to oil companies.
The Republican-controlled U.S. House of Representatives passed the Domestic Energy and Jobs Act, which includes measures aimed at exploiting natural resources in the National Petroleum Reserve-Alaska. It also includes language that supporters say removes federal burdens to onshore oil and gas leases.
The American Petroleum Institute, a trade group representing more than 500 oil and natural gas businesses, said the measures would breathe new life into a sluggish U.S. economy.