Natural Gas:

Gas Technology Institute's Kenderdine defends deepwater drilling program

Last summer's Energy Policy Act of 2005 authorized $1.5 billion for research on ultra-deepwater drilling and other unconventional methods to discover new oil and natural gas reserves. But with energy companies announcing record profits and growing consumer concern about gasoline prices, President Bush and Republican lawmakers want to rein in spending seen as benefiting the oil and gas industry. During today's OnPoint, Melanie Kenderdine, vice president of the Gas Technology Institute, defends the controversial deepwater drilling program and explains why the research is needed to boost energy supplies.