House passes bill allowing offshore drilling

Wed Sep 17, 2008 9:25am EDT
 
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Other provisions in the House energy package include:

-- Selling 70 million barrels of light crude oil from the Strategic Petroleum Reserve, to be replaced with heavy crude oil.

-- Offering renewable energy and efficiency tax credits that would be funded by repealing some tax breaks for the oil industry.

-- Allowing oil shale development in some western states, if the states approve.

(Additional reporting by Tom Doggett and Richard Cowan)

 
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