H.R. 3089 would secure unrestricted reliable energy for American consumption and transmission.
Detailed Summary
No More Excuses Energy Act of 2007 - Requires the Secretary of the Treasury to prescribe regulations for the taxpayer election to expense the cost of certain refinery property not later than 60 days after the enactment of this Act.
Amends the Internal Revenue Code to: (1) allow the issuance of tax exempt facility bonds for the financing of domestic use oil refinery facilities; (2) extend through 2018 the tax credit for producing electricity from wind facilities; and (3) allow tax credits for the production of electricity from nuclear energy, natural gas production, and carbon dioxide tertiary injectant processes.
Requires the President to designate at least 10 sites for oil or natural gas refineries on federal lands and make such sites available to the private sector for construction of refineries.
Prohibits the Nuclear Regulatory Commission from denying an application for nuclear waste disposal on the grounds of present or future insufficient capacity.
Terminates all existing federal laws prohibiting expenditures to conduct oil and natural gas leasing and preleasing activities in the Outer Continental Shelf.
American-Made Energy and Good Jobs Act - Directs the Secretary of the Interior to establish and implement a competitive oil and gas leasing program in the Coastal Plain of Alaska.
Repeals the prohibition against producing oil and gas from the Arctic National Wildlife Refuge.
Sets forth requirements for the sale of oil and natural gas leases in the Coastal Plain, environmental protection, transportation easements, and royalty payments to Alaska.
Establishes in the Treasury the Coastal Plain Local Government Impact Aid Assistance Fund to assist Alaska jurisdictions that are directly impacted by oil and gas exploration and production in the Coastal Plain.
Status of the Legislation
Latest Major Action: 6/10/2008: Motion to Discharge Committee filed by Mr. Walberg. Petition No: 110-8.
Points in Favor
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Points Against
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Visitor Comments
Aviyah
No major action since 7/23/07!!!
Shape up or ship out Congress. "We the People" are drowning alright...and it has nothing whatsoever to do with melting ice caps.
Smyrna
Though expanded drilling in Alaska and the Gulf of Mexico won't get us off of foreign oil,it will help ease the pressure of prices at the pump, as will more efficient and hybrid vehicles. I support 3089, and another thing, there is much more oil resources in the US than is commonly known. We could drastically lower the percentage of foriegn oil and even put more on the market which will help ease rpices, as we develop those resources, which we are, regardless of 3089.
JIm VanBeek
There is no need to offer tax credits as this bill odes. Simply allow more drilling in currently restricted areas and clear regulatory hurdles to building refinieries. There is no need to throw more money to the oil producers, they will get plenty of profit when we allow the additional drilling.
Tom Smith
I live in western Washington state just west of Seattle. We have refineries about 60 miles north of us and about 40 miles south of us and yet our average gas price in town is running about $4.45 a gallon. North Dakota is sitting on top of a huge shale oil deposit that is being tapped into on an increasing basis. All the oil reserves in the world really won't help us until and when our "leaders" get off their collective back sides, stand up for the people who elected them and tell the environmental extremists that we are going to build new refineries in their backyards and new nuke power plants. It's that simple...get out and vote...wisely unless you want to go back a hundred years or so and live the life scooping horse droppings off the streets. And that's just one possiblility.
We need the crude oil, the refineries and the pipelines and semi distrubtion systems expanded to meet the needs of this great country.