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House passes energy bill with biodiesel credit extension

A moratorium on some offshore oil drilling was lifted and a biodiesel tax credit was extended in the House of Representatives energy bill passed late Tuesday.

The vote -- 236 to 189 -- was essentially along party lines and came after several attempts by key Republicans to block the Democrat-led bill's passage through several procedural votes, reports indicate. Included in the bill, according to the Oil Price Information Service, is limited offshore drilling -- almost too limited, Republicans say.

Also included is a one-year extension of a $1-per-gallon biodiesel tax credit as well as additional small-producer and biomass-based tax credits.

The Senate is expected to vote on its version of the energy bill later this week.

A moratorium on some offshore oil drilling was lifted and a biodiesel tax credit was extended in the House of Representatives energy bill passed late Tuesday.

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