Energy | Congressmen call to end the moratorium spawned by the Gulf spill--what's it worth to Virginia?
by Bridget Degnan
Posted 4/04/11, 04:24 pm
The recent spike in gas prices, triggered by turmoil in the Middle East, is prompting Congressional House Republicans to push for drilling off the coast of Virginia, thereby ending the moratorium initially spawned by the Gulf oil spill.
Included in this "drilling package," as some commentators have described it, are two bills that would reinstate previously planned oil and natural gas leases off the coast of Virginia and, ultimately, force the government to sell leases in the nation's most energy-rich offshore areas, which include the Atlantic coastlines.