Monday, March 5, 2012

Senate blocks GOP bid to speed offshore drilling

WASHINGTON (AP) — A GOP bid to expand and hasten offshore oil drilling in the face of $4-a-gallon gasoline prices suffered an overwhelming defeat in the Senate on Wednesday, four days after President Barack Obama directed his administration to ramp up U.S. oil production.

Five Republicans joined 52 Democrats or independents in rejecting a bill written by Senate GOP leader Mitch McConnell to speed up decision-making on drilling permits and force previously scheduled lease sales in the Gulf of Mexico and off the Alaska and Virginia coasts. The Obama administration suspended several lease sales after last year's massive BP oil spill.

The bill was supported by 42 Republicans, well …

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