Jim Marshall, after spending his summer recess getting an earful from the folks back home, has teamed up with Republican Roscoe Bartlett of MD to endorse a drilling plan.
From The AJC:
Virtually all general drilling bans should be lifted. We should permit drilling offshore and in the ANWR and require that it be done with appropriate care.
Before granting additional drilling rights, however, we should fundamentally change the terms of future oil and gas lease agreements to ensure that taxpayers capture more of the revenue from our remaining reserves.
Today’s agreements provide exceptional profits for leaseholders when prices rise, so much so that leaseholders have a significant financial incentive to delay production until prices rise. That must change….
I’m really, really, going to regret saying this, but it sounds a lot like the approach Sarah Palin took in Alaska.