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Public Wire

House Democrats Likely to Buckle on Offshore Drilling

Personally, I thought the fact that 80% of oil leases currently owned by major American oil firms have yet to be drilled was a good enough argument to completely kill any talk of further offshore drilling. Clearly, profit is the only thing Republicans, as servants of the oil industries and their powerful Washington lobbyists, care about (emphasis mine);For oil companies, vast holdings of federal oil and gas leases, even if undeveloped, show up in their financial records as assets that help att....

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