Rapid Judgment Segment Results
During President Bush's press conference he said there isn't much he can do about rising gasoline costs. Do you believe him?
10 Yea 2 Nay
Bush to Propose Oil Refineries at Former Military Bases
Due to pressure over high energy prices, the AP reports that President Bush will propose tackling the root causes of the problem by encouraging new oil refineries to be built at closed military bases and jumpstarting construction of new nuclear power plants. In a speech Bush will also reportedly 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.
In addition, Bush, in his second energy speech in a week, is expected to propose adding vehicles that use clean-burning diesel fuel, hybrids powered by gasoline and electricity, and fuel-cell vehicles to the list of automobiles eligible for $2.5 billion in tax credits over 10 years to encourage further use of this technology.
Meanwhile, 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 (April 25th) but reached no agreement that would lower gasoline prices in the near term.
According to the Associated Press, "The lack of adequate refining capacity is frequently cited by experts as one reason why gasoline prices have surged dramatically in recent years. No new refineries have been built in recent years even though the demand for gasoline has risen."
Do you think encouraging new oil refineries be built at closed military bases and jumpstarting construction of new nuclear power plants is a good idea?