RJF
07-18-2008, 11:45 AM
Take 5 minutes, do a Google search, find their information and call your US Senators and tell them that you want them to vote yes for the following bill.
THE GAS PRICE REDUCTION ACT OF 2008
Summary of Provisions
TITLE I – DEEP SEA EXPLORATION (OCS)
14 Billion Barrels On Atlantic and Pacific OCS – More Than All US Imports From Persian Gulf Countries Over The Last 15 Years
State Option Nationwide (except Gulf of Mexico)
Governor petitions to allow exploration, with concurrence of state legislature
Exploration must be at least 50 miles from coast
50% of revenues to Federal Treasury, 37.5% to States, 12.5% to Land & Water Conservation Fund
TITLE II: WESTERN STATE OIL SHALE EXPLORATION
More Than 3 Times The Oil Reserves Of Saudi Arabia
800 billion - 2 trillion potentially recoverable barrels in Colorado, Utah, Wyoming
Democrat Congress put moratorium on final regulations for development of this resource
Republican proposal would repeal the moratorium and allow exploration to move forward
TITLE III: PLUG-IN ELECTRIC CARS AND TRUCKS
We need better batteries to maximize electricity range & use less gas
Increased R&D for advanced batteries
Direct Loans for advanced battery manufacturing facilities
Sense of Senate that the Federal Government should increase its purchases of these vehicles
TITLE IV: STRENGTHENING U.S. FUTURES MARKETS
Authorizes increased funding/staff for Commodity Futures Trading Commission (CFTC)
Directs the President’s Working Group on Financial Markets to study the international regulation of commodities markets
Codifies CFTC action on position limits and transparency for foreign boards of trade
Requires the CFTC to gather information on index traders and swap dealers
THE GAS PRICE REDUCTION ACT OF 2008
Summary of Provisions
TITLE I – DEEP SEA EXPLORATION (OCS)
14 Billion Barrels On Atlantic and Pacific OCS – More Than All US Imports From Persian Gulf Countries Over The Last 15 Years
State Option Nationwide (except Gulf of Mexico)
Governor petitions to allow exploration, with concurrence of state legislature
Exploration must be at least 50 miles from coast
50% of revenues to Federal Treasury, 37.5% to States, 12.5% to Land & Water Conservation Fund
TITLE II: WESTERN STATE OIL SHALE EXPLORATION
More Than 3 Times The Oil Reserves Of Saudi Arabia
800 billion - 2 trillion potentially recoverable barrels in Colorado, Utah, Wyoming
Democrat Congress put moratorium on final regulations for development of this resource
Republican proposal would repeal the moratorium and allow exploration to move forward
TITLE III: PLUG-IN ELECTRIC CARS AND TRUCKS
We need better batteries to maximize electricity range & use less gas
Increased R&D for advanced batteries
Direct Loans for advanced battery manufacturing facilities
Sense of Senate that the Federal Government should increase its purchases of these vehicles
TITLE IV: STRENGTHENING U.S. FUTURES MARKETS
Authorizes increased funding/staff for Commodity Futures Trading Commission (CFTC)
Directs the President’s Working Group on Financial Markets to study the international regulation of commodities markets
Codifies CFTC action on position limits and transparency for foreign boards of trade
Requires the CFTC to gather information on index traders and swap dealers