House votes to advance offshore oil measure
Legislation that would greatly increase Louisiana's share of federal offshore oil revenue was approved in a U.S. House vote Friday afternoon, and a key supporter said it would likely be up for a Senate vote late Friday or Saturday.
And that's a bigger almost than it seems.
The new money would still fall short of fulfilling the state's needs. Scientists estimate that it would cost more than $20 billion to re-engineer the Mississippi River and build levees to better protect the lower parts of Louisiana vulnerable to catastrophic flooding.
See also here for more cautious pessimism.
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