Today, Senate Republicans blocked a vote on legislation to rein in speculation in the oil markets. Instead, they are calling for votes to expand oil drilling at home as well as expansion of nuclear energy.
In a 50-43 vote, Democrats failed to gain enough support to bring the bill forward for consideration on the Senate floor and now face another week of energy debate as Republicans threatened to hold up the measure to hammer home their “drill more, use less” policy.
“There’s clearly nothing more important in the country for Congress to deal with…than the price of gas at the pump,” said Sen. Mitch McConnell, R-Ky. The Minority Leader said his party would continue to hold up business on the Senate floor until Democrats allowed them to offer a series of amendments on expanded offshore drilling, oil shale development, nuclear power and other energy solutions.
“We’re not getting off this bill very quickly,” said Sen. Pete Domenici, R-N.M., ranking Republican on the Senate Energy and Natural Resources Committee.
Read the full report here.
This comes on the heels of the Republicans obstructing oil companies drilling on the 68 million acres of public land they already have leases on instead of obtaining new lease rights – at dirt cheap prices.
If you are expecting any relief at the pump, don’t look to the Republicans to help you.
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h/t: Liam at TPM.