Fox News reports that Rep. John Peterson (R-PA) has introduced an amendment to s spending bill that would free up offshore drilling more than 50 miles off our coast, enabling American companies to drill in waters already being exploited by the Chinese, among others. "For 27 years, Congress has deliberately locked up vast offshore oil and natural gas reserves," Peterson said, according to USA Today. "With the price at the pump increasing daily - with no end in sight - and the cost of natural gas trading at record levels, Congress needs to unlock these reserves." Most oil production and...