Bachmann - Doing Something To Lower Energy Prices
Posted by Andy on 7th July 2008
Congresswoman Michele Bachmann (R MN6) unveiled a bill that will cut the red tape that has helped make energy prices reach record highs. It is plain and simple. It removes the red tape, but also seems to remove the biggest blockade to domestic energy…. the politics.
Bachmann Unveils Legislation to Curb Rising Gas Costs
Authors “Emergency Energy Cut-the-Red-Tape Now Act”Washington, D.C., Jul 7 -
Today, U.S. Representative Michele Bachmann (MN-6) unveiled key legislation, the Emergency Energy Cut-the-Red-Tape Now Act, which would allow Americans to tap our national energy resources and provide relief from off-the-chart gas costs. In announcing this legislation, she stated:
“Gas prices are continuing to spiral out of control and Congress has done nothing to give Americans the relief they deserve. Record high prices are having a major impact on American consumers and businesses, from the way people travel to the way they do business to the food they buy at the grocery store.
“Sadly, the United States is the only country in the world that discourages using its own energy resources. Our country imports 10 million barrels of crude oil every day. We’re also importing 1.3 million barrels of refined gasoline. However, we have the ability to be energy independent. We have the knowledge and expertise right here at home to procure and refine these products, get them to the pump, and create thousands of American jobs in the process.
“My bill, the Emergency Energy Now Act will give the Secretary of the Interior the ability to open the ANWR, oil shale reserves, and the Outer Continental Shelf, and streamline the refinery process. And if the price of oil exceeds $100 a barrel, the Secretary will be required to waive leasing and permitting regulations to open up these energy stores.
“Once these federal lands that have been off-limits are open to exploration, we would immediately begin to tap into our own resources, helping make us less dependent on foreign energy sources and reducing the cost to consumers. It’s clear that the American people are hurting and need help now. Congress must allow for the immediate opening of these lands and allow American companies to help our nation by exploring, producing, and putting these sources of energy into production now.”
Some estimates indicate that the permitting process adds 5-6 years to the time it takes to build a refinery. Also according to estimates an offshore oil platform takes seven years and an estimated 1-5 billion dollars before oil or gas can be recovered from one area.
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Posted in 2008, Know Thy Enemy, MN 6th - Bachmann, National, Politics, Take Your Cob and Shove it | 1 Comment »








