[[New Jersey]] Democrat Senator Menedez wants a ban on new offshore drilling permits. In addition, he submitted a bill that would retroactively raise the financial liability of BP from $75 million to $10 billion. <ref>[http://blogs.abcnews.com/george/2010/05/senator-menendez-on-oil-spill-no-new-drilling-permits.html Senator Menendez on Oil Spill: No New Drilling Permits, ABCNews, May 12, 2010]</ref> Oklahoma [[Republican]] Senator Inhofe successfully killed the bill saying it would reduce competition and shut down smaller independent oil companies in favor of larger companies. | [[New Jersey]] Democrat Senator Menedez wants a ban on new offshore drilling permits. In addition, he submitted a bill that would retroactively raise the financial liability of BP from $75 million to $10 billion. <ref>[http://blogs.abcnews.com/george/2010/05/senator-menendez-on-oil-spill-no-new-drilling-permits.html Senator Menendez on Oil Spill: No New Drilling Permits, ABCNews, May 12, 2010]</ref> Oklahoma [[Republican]] Senator Inhofe successfully killed the bill saying it would reduce competition and shut down smaller independent oil companies in favor of larger companies. |