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Bush Unveils Energy Details - More Refineries At Closed Military Bases

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hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 09:42 AM
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Bush Unveils Energy Details - More Refineries At Closed Military Bases
WASHINGTON — "Under pressure over high energy prices, President Bush Wednesday will propose tackling the root causes of the problem by encouraging new oil refineries be built at closed military bases and jumpstarting construction of new nuclear power plants.

In a speech, Bush will also propose giving federal regulators the lead authority to decide where to locate terminals for processing imported natural gas. States have increasingly been taking the lead on this issue.

And the president will propose adding vehicles that use clean-burning diesel fuel to the list of automobiles eligible for $2.5 billion in tax credits over 10 years to encourage further use of this technology. Other eligible vehicles are hybrids powered by gasoline and electricity and fuel-cell vehicles. Senior Bush administration officials unveiled details of the president's proposals on Tuesday night. It will be his second energy speech in a week.

A Washington Post-ABC News poll showed that less than half of Americans support the way the president is handling energy policy. Bush met Saudi Crown Prince Abdullah at his Texas ranch on Monday but reached no agreement that would lower gasoline prices in the near term."

EDIT

http://www.enn.com/today.html?id=7616
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