Posted by
Lady Logician on Saturday, June 28, 2008 6:59:27 PM
IT'S ABOUT TIME SOMEONE DID THIS! And thank God for us Sen. Coleman did it!
Yesterday Senator Coleman delivered a speech on the floor of the Senate where he outlined his new, comprehensive energy bill that aims to bring energy prices down. Notably, this legislation includes increased domestic drilling, more nuclear energy, clean coal technology and an increased use of renewable fuels.
I know that several of you are interested in both increasing domestic oil production and investing in more nuclear energy, so below you will find information on how Senator Coleman’s legislation would help in these areas.
Increased Domestic Drilling
With an estimated 2.8 million barrels of oil and 12 trillion cubic feet of natural gas sitting under the Outer Continental Shelf, Senator Coleman feels it is essential that we tap this unused resource. As a way to lower oil prices. Unlike Democrats like Al Franken, Senator Coleman knows that with an ever-increasing demand for oil, the only way to see a decrease in the price-per-barrel is to increase the supply. This has the potential to offset foreign oil imports by as much as $145 billion dollars. This bill would give governors of affected coastal states a say in the matter and would allow them to negotiate deals that are in the best interests of their citizens.
Investing In More Nuclear Energy
As Senator Coleman is fond of saying, “the French are not braver than we are” when it comes to investing in nuclear. Senator Coleman’s legislation would implement a tax credit and loan guarantee system for nuclear production as well as training for an expanded nuclear workforce. And, he has been a strong advocate for lifting Minnesota’s moratorium on expanding nuclear power.
If passed, this legislation would go a long to help bring energy prices down and go a long way in securing our energy independence.
This is legislation whose time is here and now. Bravo Sen. Coleman!