House to Vote on Offshore Drilling Proposal

This week, the House will vote on a measure that would reverse a 25-year ban on offshore natural gas exploration. Rep. John Peterson, a Republican from Pennsylvania, and Rep. Neil Abercrombie, a Democrat from Hawaii, are spearheading the effort to give U.S. businesses increased access to this resource as its price continues to climb. Unlike oil, the price of natural gas is determined domestically, and it is expected that allowing offshore drilling would drive down prices substantially.