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19 May 2011 17:18

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U.S.: Senate bill to expand offshore oil leasing fails

  • 42 “yes” votes in Senate vote to start offshore oil lease sales again source
  • ยป And 42 votes is, obviously, not enough. The Senate GOP brought this vote to the floor, and as it lost comfortably by eight votes, they probably considered it doomed to fail from the get-go. As such, this looks like a show vote, less designed to impact policy (though I’m sure the GOP wouldn’t have minded getting it through) than to court political favor. As increased offshore oil drilling would have minor if any effect on the domestic gas prices (global market and all that), this bill serves two goals: make people think Democrats are keeping gas prices high, and remind big oil that despite recent talk of stripping industry subsidies, the Republican Party still has their back.