House passes bill to reduce gas prices - Coeur d'Alene Press: Local News

House passes bill to reduce gas prices

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Posted: Thursday, June 21, 2012 10:31 am | Updated: 11:16 am, Thu Jun 21, 2012.

Washington, D.C. – The U.S. House of Representatives today passed H.R. 4480, the Domestic Energy and Jobs Act by a vote of 248-163. It aims to create long-term domestic energy solutions for the United States. Idaho Congressman Mike Simpson supported the measure.

H.R. 4480, the Strategic Energy Production Act of 2012, would require the Secretary of Energy to develop a plan to increase the percentage of federal lands leased for oil and gas production. It also includes language from seven different energy bills, including provisions to streamline the permitting process, improve the auction process for onshore leases, and halt the implementation of burdensome EPA rules until a report is submitted to Congress that describes the costs and consequences of the rules.

“The impact of outrageously high and unstable gas prices is taking a toll on Idaho families and on our economy. Not only do Idahoans feel the pain at the pump when they fill up, but as the cost of gas increases so does the cost of food and other goods. We need a comprehensive energy policy that will move us toward energy independence and stabilize gas prices,” said Simpson. “In addition, record high gas prices have placed a huge burden on our state’s agricultural and trucking industries. These problems have grown out of decades of poor energy policy, and this bill takes a big step toward energy policies that work for Americans, not against them.”

The bill now moves to the Senate for consideration.

  • Discuss

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  • the floorist posted at 10:58 am on Sun, Jun 24, 2012.

    the floorist Posts: 331

    Oil companies need about $75 per bbl. to actually see a decent profit. Pretty much anything over that is obviously gluttony. Can anyone imagine paying the prices Europeans are forced to pay? No wonder the Euro is tanking and those countries are just now going through what the USA has been enduring for the last 4 years. Literally doubling gas prices here was the proverbial straw that broke the camel's back, just as it is doing in Europe and south/east Asia.

    You know what they say...America gets a sniffle and the world catches the flu...

  • justbecause posted at 6:13 am on Fri, Jun 22, 2012.

    justbecause Posts: 56

    What a joke!

    Everyone knows oil is traded worldwide, drilling on our soil will not affect gas prices. This only benefits the oil companies whom are paying for this to go through. The number one problem right now is refineries and distribution once the oil is above ground. We are getting close to the break even point for drilling before they start shelving rigs. Not to mention a very weak demand for oil right now. What a lame political stun! However people will believe that this will actually affect prices since most people are ignorant to how things really work.

  • 986crazy posted at 9:05 pm on Thu, Jun 21, 2012.

    986crazy Posts: 398

    searcher: Well said.

    This paraphrased is it makes it easier for oil companies to drill more on our land without interference from that silly EPA. i.e. more profits for them, no break in costs for us. I agree that it takes a step towards energy policies that work for Americans...if by Americans he means oil companies and only oil companies.

  • searcher posted at 8:19 pm on Thu, Jun 21, 2012.

    searcher Posts: 365

    @max - which thirty are those - I'd be interested in looking them up. Why do you find it necessary to be so nasty when talking about people who don't have the same values that you do. The fact free environment and virtriol is not helpful to discussing ideas.

    Just how exactly is this bill going to lower gas prices? It makes no sense. It calls for increasing leases on federal lands by the same percentage that the strategic oil reserve is drawn down within 180 days of the draw down. This is a weird red herring - purely political.

  • max power posted at 5:19 pm on Thu, Jun 21, 2012.

    max power Posts: 559

    It doesn't matter what the House passes. The Senate led by Harry Reid and the libtards will never sign onto anything the House passes. There are currently "THIRTY" job creating bills passed by the House that Harry Reid refuses to bring up for a vote in the Senate. The Democraps are obstructing. Nothing new folks...

  • wilbur posted at 12:23 pm on Thu, Jun 21, 2012.

    wilbur Posts: 142

    Hey, simpson, does the bill include a provision that keeps gas refined in the U.S. here and not sold on the world market to the highest bidder??

  • voxpop posted at 11:18 am on Thu, Jun 21, 2012.

    voxpop Posts: 738

    More wasted time and money. Eventually we'll have to develop a federal initiative process to move forward. Congress is worthless.

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