Tue May 27, 2008
Bond Thrust: Green SUV's to Arctic Oil
By Dan Verbeck
Claycomo, Mo. – Senator Christopher Bond ( R, Mo.)cautions opponents of the American Energy Production Act of 2008. Touring the Ford Assembly Plant at Claycomo, the four term senator told reporters there is not enough support in congress to pass the Act, known as Senate Bill 2958. It's provisions include a leasing program to drill for more than 10 billion barrels of oil in the Arctic National Wildlife Refuge. Title Two of the Act has a subsection for loans and grants to produce advanced batteries for hybrid suv's. Thus, the reception at the auto assembly plant.
Senator Bond says the U. S. might follow the lead of Cuba which has granted China drilling rights for undersea oil. Bond says it will happen thirty five to fifty miles off the Florida coast.