Posted on 05/10/2008 6:41:16 AM PDT by kellynla
WASHINGTON - U.S. Senator Pete Domenici, ranking member of the Senate Energy and Natural Resources Committee, today introduced legislation intended to dramatically increase domestic production of oil and natural gas in order to lower prices and make America less dependent on foreign sources of oil.
The American Energy Production Act of 2008 (S.2958) was introduced today by Domenici and nineteen co-sponsors from across the country. By expanding production offshore and in Alaska, the legislation will produce up to 24 billion barrels of oil-enough to keep America running for five years with no foreign imports. In addition, billions more barrels of fuel would be made available through development of oil shale and coal to liquids technology.
"For years now, I have been trying to develop more domestic production of oil and gas, and for years, with one exception in the Gulf of Mexico, I have been blocked for political reasons. Consumers are now paying the price for those years of obstruction," Domenici said.
"The bill I'm introducing today will produce up to 24 billion barrels of oil through common sense measures to open up areas offshore and in Alaska for exploration. It will also allow us to develop billions more barrels of fuel through oil shale and coal to liquids technology. This measure will go a long way toward helping us break the cycle of dependence on foreign sources of oil," he continued.
Domenici pointed out that had President Clinton not vetoed exploration in the Arctic National Wildlife Refuge (ANWR) in 1995, when oil was $19 a barrel, America would currently be receiving over 1 million barrels a day from Alaska. The amount of oil in ANWR is enough to supply New Mexico for 222 years.
The American Energy Production Act will also lift the one-year moratorium on developing oil shale in Colorado, Wyoming and Utah. Over 2 trillion barrels of oil shale currently exist in those states-three times as much oil as Saudi Arabia has in reserve.
The bill will allow petitions for leasing activities in the Atlantic and Pacific regions of the Outer Continental Shelf in order to tap into the 14 billion barrels of recoverable oil in those areas. Exploration will occur off the shore of a state if that state's Governor petitions to have the moratorium on exploration lifted.
"Congress has spent billions to research and develop clean sources of energy. I've been a leader in those efforts and I will continue to be. However, we must face the fact that no matter what we do, America will still need oil, and without action, an increasingly large portion of that oil will come from unstable regions. With gas prices soaring higher and higher, we must produce more at home, and this bill allows us to that in an environmentally responsible manner," Domenici said.
Among the original co-sponsors of the bill are: Senators Mitch McConnell (R-Ky.), Wayne Allard (R-Col.), John Barrasso (R-Wyo.), Robert Bennett (R-Utah), Kit Bond (R-Mo.), Jim Bunning (R-Ky.), Saxby Chambliss (R-Ga.), Thad Cochran (R-Miss.), John Cornyn (R-Texas), Mike Enzi (R-Wyo.), Kay Bailey Hutchison (R-Texas), Jim Inhofe (R-Okla.), Johnny Isakson (R-Ga.), Lisa Murkowski (R-Alaska), Jeff Sessions (R-Ala.), Ted Stevens (R-Alaska), John Thune (R-SD), George Voinovich (R-Ohio), and Roger Wicker (R-Miss.).
We need this bill passed. And we need it now!
ping
SOLAR AND WIND ARE ALL RIGHT, BUT NUKS DO IT ALL NIGHT!
Yes, yes, we do. Coprrection, though - we needed it in 1988.
You got that right. The rats will squeal like stuck pigs.
You got that right. The rats will squeal like stuck pigs.
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The Rats want to bring this country down. They will NEVER support any plan that would take us toward the goal of energy independence...
The Dhimmiecrats today announced their counterproposal, S.2959, the Lock-up America and Turn Out the Lights Economic Destruction Act of 2008.
Key provisions of the bill:
*No more oil exploration, production, or refining allowed in the USA because it contributes to Gorebull Warming.
*No more mining for coal or anything else allowed in the USA because its dirty.
*No more tree cutting in the USA because the trees are pretty.
*No more nuclear power production in the USA because we said so.
*All home thermostats set to zero to decrease energy use.
*Immediate amnesty for illegal aliens.
*Conservatism, Christianity, and heterosexuality is hereby outlawed.
*No more guns in the hands of American subjects.
Lets see, did I miss anything? Have at it.
“Lets see, did I miss anything? Have at it.”
No more eating meat because cows, pigs, goats, chickens have feelings.
No more walking on the grass because plants have feelings.
“Ah, the Commie RATS will squeal like a pig!”
Let ‘em...when the ‘Rats start paying everyone’s energy bills then they can start squealing.
Sadly, we needed it passed when Republicans had the majorities, not now after average Americans are made to suffer.
The whole thing makes me want to puke.
Better pass it before McCain gets in...
Make the ‘Rats vote this down in an Election year with gas prices toying with $4 a gallon...
Pricelss...
The private sector has no wish to invest its own money in building nuclear plants and wants government (tax payers) to come up with the money, guarantees, and insurance. What would you call that? Free market socialism?
Senators of the 110th Congress http://www.senate.gov/general/contact_information/senators_cfm.cfm
Don’t see any of those Greenies, better known as Democrats on that sponsor list. Everybody knows we need this bill, but those gutless politicians wont let it pass.
Anything we try will be tied up in court for years.
why not go into a full court press to get this passed and signed into law asap.
We did it to remove amnesty, let’s try it on the energy bill. I’m writing my three today!
“I’m writing my three today!”
Thanks!
And if eveyone would do the same, I don’t know but maybe just maybe we could get this bill passed before they go on summer vacation!
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