A Silver Bullet for High Oil Prices? Lawmakers Pounce on Subsidies, Offshore Drilling

Congress is hustling into action mode as Americans grow increasingly agitated with high gasoline prices, but there are few signs of a bipartisan consensus. Nor is there much indication that Washington can help with a problem that's being driven largely by global supply-and-demand economics. The Senate today will vote on a bill crafted by Republicans to expand offshore oil production. The legislation -- expected to fail -- comes a day after an effort by Democrats to repeal roughly $2 billion a...Full Story
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