Enhanced Energy Security Act of 2006

In a display of bipartisanship on a critical national issue, Senators Jeff Bingaman (D-NM), Evan Bayh (D-IN), Norm Coleman (R-MN), Joe Lieberman (D-CT) and Lincoln Chafee (R-RI) have joined in putting together legislation aimed at reducing America’s dependence on fossil fuels, especially oil. The Enhanced Energy Security Act of 2006, introduced on May 4, will greatly spur energy conservation, with a focus on reducing oil demand through greater fuel efficiency and finding ways to moderate natural gas demand by promoting renewable electricity production. Among the most important provisions of the bill will be an emphasis on an expanded plan for economy-wide oil savings that will cut oil use, from projected levels, by 2.5 million barrels of oil per day by 2016, 7 million barrels of oil per day by 2026, and 10 million barrels of oil per day by 2031. “Time is running out in this Congress to take action on energy,” Bingaman pointed out. “To be effective in responding to our current energy crisis, we must be focused, we must be realistic, and we must be bipartisan. The bill that we are introducing today accomplishes all three goals, and will help consumers by making them more efficient in their […]

Read More