More of Gulf may open

Democrats are working on drilling bill

WASHINGTON


While details are still being worked out, the plan would raise taxes on the oil companies; force producers that benefited from botched lease agreements with the government to pay royalties; require electric utilities to generate 15 percent of their power from renewable sources; and provide loan guarantees to automakers to help produce more fuel-efficient cars.

Pelosi insisted the plan would “make America energy-independent of foreign oil within a decade.”

Houston Chronicle