Senate Kills Inhofe's Energy Gas Price Act
(Originally posted Tuesday) UPDATE: Senate Democrats today killed Inhofe's amendment. WASHINGTON, DC ~ U.S. Senator Jim Inhofe today offered the Gas Petroleum Refiner Improvement and Community Empowerment Act of 2007, or the Gas Price Act (S.1503), as an amendment to the energy bill currently before the Senate. The Gas Price Act, which is designed to ease America’s soaring gas prices, address true energy independence and increase refinery capacity, was first introduced on May 24, 2007 by Inhofe.
The Gas Price Act would improve the permitting process for the expansion of existing and construction of new domestic fuels facilities, as well as encourage and fund the development of future fuels including coal-to-liquids and cellulosic biomass ethanol. Inhofe’s amendment would provide for a more stable and certain regulatory environment, he said, and it would have numerous economic benefits including locating refineries in distressed communities.
Inhofe introduced the amendment on the Senate Floor today; a vote is expected on the amendment tomorrow.
The Gas Price Act would improve the permitting process for the expansion of existing and construction of new domestic fuels facilities, as well as encourage and fund the development of future fuels including coal-to-liquids and cellulosic biomass ethanol. Inhofe’s amendment would provide for a more stable and certain regulatory environment, he said, and it would have numerous economic benefits including locating refineries in distressed communities.
Inhofe introduced the amendment on the Senate Floor today; a vote is expected on the amendment tomorrow.
Labels: Gas Price Act, Jim Inhofe
posted by Mike McCarville @ 1:25 PM
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