Sen. Lisa Murkowski, R-Alaska, helped block the advancement of a bill seeking to boost the limit on economic-damage liability for oil companies from $75 million to $10 billion. Murkowski and other senators from oil-generating states said that the proposal would drive smaller petroleum companies out of the market. "We want to be careful before we change any of these laws that we don't jeopardize the operations of an ongoing industry," said Sen. Mary Landrieu, D-La.

Related Summaries