Bill To Increase Domestic Oil Production

merrie

5-8-2008 11:17 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#e5e5e5;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f70e7102-81f1-4a24-aba5-abc475236ad8/189F5CB6-4E8C-48B5-B8C1-336A36430B43/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://mcconnell.senate.gov/record.cfm?id=297147&start=1" href="http://mcconnell.senate.gov/record.cfm?id=297147&start=1" style="font-size: 11px;">mcconnell.senate.gov</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mcconnell.senate.gov/record.cfm?id=297147&start=1"><P>
        Thursday, May 1, 2008</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mcconnell.senate.gov/record.cfm?id=297147&start=1">Bill to Increase Domestic Oil Production</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mcconnell.senate.gov/record.cfm?id=297147&start=1"><P>
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell joined his Republican colleagues Thursday in introducing the American Energy Production Act of 2008, which would increase domestic energy production and help lower gas prices.      </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mcconnell.senate.gov/record.cfm?id=297147&start=1"><P>
“The coal we can mine in this country alone would be enough to supply our nation for more than 250 years,” Senator McConnell said.  “What Saudi Arabia is to oil, America is to coal.”    </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mcconnell.senate.gov/record.cfm?id=297147&start=1"><P>
The bill would also expand domestic energy production on the Outer Continental Shelf (OCS), in Alaska and through the development of oil shale in Colorado, Wyoming, and Utah.  It would accelerate the development of advanced batteries to power plug-in hybrid vehicles, and encourage the construction of new refineries to bolster domestic supplies.  And it would suspend filling the Strategic Petroleum Reserve for six months.      </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/189F5CB6-4E8C-48B5-B8C1-336A36430B43/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

tags:

legislation, domestic oil production, mcconnell, bunning, american energy production act of 2008, continental shelf, alaska, oil shale, cto

merrie says:

Included in the legislation is a measure authored by Senator Jim Bunning which would establish a program to help support and promote clean, coal-to-liquid fuels. “I appreciate Senator Bunning’s leadership on the issue of promoting greater use of technology to convert coal into liquid fuel,” Senator McConnell said. “The more fuel derived from coal we can use, the less oil we will need, thus reducing prices at the pump.”

Coal is a vital part of America’s energy production, and an important part of Kentucky’s economy and history. The coal industry creates over 60,000 jobs in Kentucky, including approximately 15,000 coal miners. Over half of the country’s electricity is generated by coal, and coal constitutes over 90 percent of America’s fossil-fuel resources.