Alexander Says High Energy Costs are Straining the Family Budget, Offers Budget Amendment to Help Lower Costs and Increase Domestic Energy Supplies

“We need to have a realistic policy for making sure that we have a low-cost supply of energy so that we can reduce our dependence on foreign oil and help reduce the price of gasoline to help balance the family budget.” -Lamar Alexander

Posted on March 12, 2008

*** U.S. Senator Lamar Alexander (R-TN) today offered an amendment to the FY09 Budget Resolution that would lower energy costs to help balance the family budget, while reducing our nation’s dependence on foreign oil and natural gas. “We need to have a realistic policy for making sure that we have a low-cost supply of energy so that we can reduce our dependence on foreign oil and help reduce the price of gasoline to help balance the family budget,” Alexander said. “The United States uses 25 percent of all the energy in the world, and our demand for energy is growing, not reducing. We’ve selected five proposals for this amendment that would lower energy costs for families by encouraging energy efficiency on the one hand and increasing domestic oil and natural as supply on the other.” Alexander said the amendment would help reduce the price of energy paid by American families by: • Encouraging the use of biomass by replacing of old wood stoves with new, more efficient wood, pellet, or corn stoves certified by the Environmental Protection Agency • Encouraging energy efficiency by rewarding the installation of smart electricity meters in homes and businesses. • Cleaning up existing coal power plants by encouraging carbon capture and storage, which avoids the need to build more power plants. • Increasing domestic supplies of natural gas and oil by – o Permitting the development of natural gas and oil resources beneath the waters of the Outer Continental Shelf. o Allowing the development of oil shale deposits in the Green River Basin in Colorado, Utah and Wyoming. “This is a real proposal and not a fairy tale,” said Alexander, “and we hope that it earns strong Democratic support as well as Republican support.” ###