Offshore Drilling Revenue Amendment Passed

Monday, June 25, 2012 - 8:51pm

The price of gas has gone down fifteen cents in just the last two weeks across the country.

This good news could get even better.

The U.S. House Of Representatives passed an amendment by Congressman Jeff Landry that increases the offshore drilling revenue provided to Louisiana, Texas, Mississippi and Alabama.

The increase goes from five hundred million dollars per year to seven hundred fifty million dollars.

The Landry Amendment would bring Louisiana almost two billion more in coastal restoration and hurricane protection funding.

The bill now goes to the Senate for potential passing into law.

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