June 27, 2013
The House of Representatives advanced two items on the oil industry’s wish list Thursday, by passing legislation that would unleash drilling in the Western Gap area of the Gulf of Mexico and waive new financial reporting requirements on companies’ foreign dealmaking.
The legislation passed 256-171 would implement a one-year-old agreement between the United States and Mexico that sets the framework for oil and gas development along the two countries’ maritime boundary. Although Mexico ratified the deal in April 2012, Congress has not acted on it — despite oil companies’ zeal to develop the region.
That part of the measure has bipartisan support on Capitol Hill and the blessing of the White House. The Obama administration inked the international pact in February 2012 and said in a statement of policy this week that implementing the agreement is key to unlocking nearly 1.5 million acres of the outer continental shelf for drilling.
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.
