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Here is the latest response from US Senator John Barrasso pertaining to the “American Energy Act of 2008″.
Thank you for contacting me about energy policy. It is good to hear from you.
On May 1, 2008, Senator Pete Domenici (R-NM) introduced S. 2958, the “American Energy Production Act of 2008.” This legislation would promote the energy security of the United States. I am an original cosponsor of this legislation.
Like you, I believe a comprehensive, long-term solution must incorporate a vision for the future and expanded domestic production. In this light, S. 2958, would promote energy security, expanding the American energy supply. In achieving this end, a number of avenues are pursued. They include provisions related to coal-to-liquid technology and streamlining the permitting process for the construction of new refineries. In addition, S. 2958 would encourage research and development in battery technologies, and enhanced American exploration opportunities, including areas of Alaska and the deep sea. It would also remove a prohibition on final regulations for commercial leasing of oil shale.
Also of note, S. 2958 includes a provision which restores the historical 50:50 federal mineral revenue sharing ratio between the federal government and the states. If passed this provision could return $20 million, on an annual basis, to Wyoming from our state’s mineral industry.
Similar language was offered as an amendment during the recent consideration of H.R. 3121, the “Flood Insurance Reform and Modernization Act of 2007.” I, along with 41 of my Senate colleagues, supported this initiative. Unfortunately, it failed. I am hopeful its consideration in the Senate Energy and Natural Resources Committee, to which S. 2958 has been referred, will be both timely and favorable.
Thank you again for taking the time to share your views with me. I hope you will continue to stay in touch.
John Barrasso, M.D.
United States Senator
Originally posted 2008-07-29 13:58:32. Republished by Blog Post Promoter
