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Wednesday, July 2, 2008 Sioux Falls, South Dakota. US Senator John Thune Gas Price Forum. First Ever Renewable Fuels Standard of 7.5 bgy by 2012 Consumer Tax Credit for Hybrid Vehicles Department of Interior Oil Shale Leases Tax Credit for E-85 Pumps OCS Inventory
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Wednesday, July 2, 2008 Sioux Falls, South Dakota US Senator John ThuneGas Price Forum
First Ever Renewable Fuels Standard of 7.5 bgy by 2012 Consumer Tax Credit for Hybrid Vehicles Department of Interior Oil Shale Leases Tax Credit for E-85 Pumps OCS Inventory Hydrogen Research and Development Energy Policy Act of 2005
Supply and Demand Increasing Dependence on Foreign Oil and OPEC Lack of Refining Capacity Value of the Dollar Excessive Speculation Why are gas prices so high?
Increase Domestic Production Expand Biofuel Production and Infrastructure Reduce Demand through Conservation Limit Excessive Speculation How Can We Address High Gas Prices?
Keep Renewable Fuels Standard in Place Expand Cellulosic Ethanol Development Flex Fuel Vehicles E-85 and Blender Pumps Ethanol Dedicated Pipeline Expand Biofuel Production and Infrastructure
Flex-Fuel Vehicles Hybrid Vehicles Plug-in Electric Hybrid Vehicles Hydrogen Fuel Cell Reduce Demand through Conservation
Authorize Increased Funding and Staff for Commodities Futures Trading Commission (CFTC) • Study the International Regulation of Commodities Markets • Codify CFTC Position Limits and Transparency for Foreign Boards of Trade • Require CFTC to Gather Information on Index Traders and Swap Dealers Limit Excessive Speculation