US HOUSE OF REPRESENTATIVES on September 24, 2009, PASSED a RESOLUTION THAT PARTIAL FUNDS WILL BE PROVIDED FOR PROGRAMS FOR FISCAL YEAR 2009.

GOOD NEWS:   THE RESOLUTION DID NOT RENEW THE OFFSHORE OIL DRILLING BAN.

Coastal states will continue to control areas up to three miles off their coasts.  Areas beyond three miles will now be subject to FEDERAL LEASING. 

I agree with Congressman Ken Calvert that "the new drilling policy should be put in place and allow for offshore energy exploration in a manner that protects the environment, is beyond the visible horizon, and gives coastal states more input in the process and a greater share of the royalties.  The ability for the U.S. to develop its own resources, while moving away from oil as a primary source of energy, will reduce our dependence on foreign oil." [Ken Calvert, US Congress Representative from California]. 

It's good that some of our US Congress representatives from California are pushing for energy strategy that includes wind, solar, nuclear, and conservation, and development of our own natural gas and oil reserves, on land and offshore.

It is good that our US House of Representatives on Sep. 24 passed a continuing resolution (CR) to provide partial funds for Fiscal Year 2009 for those federal programs for which a free standing appropriations bill had not been passed.  Fiscal Year 2009 begins on Oct. 1, 2008, and the CR provides funds from then through March 6, 2009.

Congress is scheduled to adjourn by the end of the week, October 1, 2008.  Passage of a CR was necessary to keep government agencies running.  The U.S. Senate is expected to pass the CR as soon as it is sent over from the U.S. House.  [Source: www.Roads&Bridges.com]

THIS WILL BE GOOD FOR THOSE OF US WHO DRIVE MOTOR VEHICLES AND WITH BUSINESS AND REAL ESTATE.

Posted by Harrison K. Long, Explore Properties Group, Coldwell Banker Previews, Irvine, CA