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Two energy proposals are working their way through each chamber of Congress and could see votes on the floor next week.

In the House of Representatives, Speaker Nancy Pelosi (D-CA) brokered a plan that would permit drilling offshore, but only beyond a highly restrictive 50-mile barrier (in some cases leaving as much as 90 percent of oil resources STILL off-limits). Her package also includes tens of billions of dollars in higher taxes, even more lavish taxpayer subsidies for alternative energy, and a renewable electricity standard that will hike your utility bills even further!
 
In the Senate, the so-called "Gang of 10" proposal (which now has 20 sponsors) opens up only four states on the East Coast to drilling, leaving resource- and infrastructure-rich California and the West Coast PERMANENTLY inaccessible. Meanwhile, it contains $85 billion worth of taxes and spending.

Both proposals claim to be a "compromise" that will allow greater drilling activity, but both fail miserably to do so. Both would enshrine serious restrictions to drilling in permanent law, whereas simply letting the moratorium expire would free American companies to explore and get the resources to market quickly.