Tuesday, April 25, 2006

President Bush Confronts High Gasoline Prices

President Bush discussed his four part plan to confront high gas prices today at the Renewable Fuels Association. The President's plan includes:
1) making sure consumers and taxpayers are treated fairly,
2) promoting greater fuel efficiency,
3) boosting our oil and gasoline supplies, and
4) investing aggressively in alternatives to gasoline.
President Bush called for investigating possible price gouging, ordered a temporary halt to deposits in the Strategic Petroleum Reserve, and directed the Environmental Protection Agency to grant temporary waivers of local clean-fuel requirements to relieve gasoline shortages in some parts of the country. President Bush opposes a windfall profits tax on oil companies and so does AAEA. President Bush also called for using more ethanol.

No comments: