The good news is that states like Texas will be able to collect some of the offshore oil revenue that has been going exclusively to the Federal government. This money can be used by the states to help fund education and for other improvements as the state sees fit.
The agreement is expected to increase domestic supplies of energy, strengthen national security, and help consumers with the price of oil and gas.
The agreement makes available more than 1.26 billion barrels of oil, an amount equivalent to 50% of current annual domestic production. The legislation will now be sent to President Bush to be signed into law.
I plan to visit the border again next year and hold the US government accountable for securing our nation and promoting homeland security.