In an effort to increase domestic energy supplies and bring down rising gas prices, a group of 19 senators has introduced the Domestic Energy Production Act of 2008.
Sponsored by Sen. Pete Domenici (R-NM), the ranking Republican on the Senate Energy & Natural Resources Committee, the bill is one of the first congressional responses to growing nationwide unrest over soaring energy prices.
The legislation would reduce America’s dependence on foreign sources of energy by expanding the recovery and development of traditional energy sources while simultaneously promoting alternative energy technologies.
“For years now, I have been trying to develop more domestic production of oil and gas, and for years, with one exception in the Gulf of Mexico, I have been blocked for political reasons. Consumers are now paying the price for those years of obstruction,” Domenici said in a press statement accompanying introduction of the bill.
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