Natural Gas:

American Chemistry Council's Gerard explains need for more offshore drilling

With some House lawmakers pushing to lift a congressional ban on offshore natural gas drilling, can the measure gain enough support to win approval by the full House? Or is it instead an early battle in a larger debate concerning domestic energy supplies? During today's OnPoint, American Chemistry Council President Jack Gerard talks about how the current natural gas crisis is affecting U.S. manufacturers, and why lawmakers should open up the Outer Continental Shelf to energy extraction. Gerard also discusses the various OCS proposals being floated in Congress and the complex political factors surrounding the issue.