In her Saturday radio address Pelosi announced that Democrats would consider opening up parts of the outer continental shelf for drilling as a part of a broad new energy plan that will be unveiled in the coming weeks.
The Democratic initiative will also seek to release oil from the 700 million barrel Strategic Petroleum Reserve, require oil companies to pay billions of dollars Democrats believe they owe to invest in clean energy resources, increase the use natural gas and create a federal Renewable Electricity Standard.
Pelosi said Democrats would also seek to investigate the role speculation has played in the rising cost of oil.
Republicans soundly rejected Pelosi’s proposal.
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GOP rejects Pelosi's energy proposal!
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GOP rejects Pelosi's energy proposal!