CNN Money has an article up on congressional efforts to address rising gas prices and open up more areas to oil drilling:
Congress has been debating four main issues: limiting the role of speculators, increasing domestic oil drilling, taxing Big Oil to fund renewables, and capping greenhouse gas emissions.
The most likely scenario is one in which the Republicans back down, allowing increased regulation of energy speculators, and the Democrats give up some ground on domestic drilling, according to Congressional staffers and other analysts.
Power Politics
July 9, 2008