Contact: Ernie Blazar 202.224.7627 Shana Stribling 202.224.0309
Thursday, May 17, 2001

WASHINGTON - Senator Kit Bond today said that the Bush Administration’s new energy plan is the right way to go and that, when fully implemented, will keep gas, electric and other energy prices within reasonable ranges for many years.

“Finally, we have a sensible and balanced long-term plan to get energy prices back under control,” said Bond. “Every American knows that all energy prices are being driven by too much demand and not enough supply. The beauty of this plan is that it recognizes that we can increase oil and gas production while still protecting the environment. Whether you drive a car or tractor, this plan makes good sense.”

The President officially unveiled the plan today. One of the most important elements of the energy strategy is that it balances new energy production and increased efficiencies with conservation and environmental protections.

“Today’s high energy prices were caused by years of governmental actions that blocked the development of energy supplies to keep up with demand,” said Bond. “President Bush is right on the money in his call for conservation, alternative energy sources and environmentally-sound new production, and new refineries. If we adopt his plan, I am confident that energy prices will be lower for many years and we will be able to avoid energy blackouts.” The President’s energy plan includes 105 separate recommendations from speeding up construction of power lines and development of clean coal technology to reviewing whether to tighten vehicle fuel economy standards. Almost half of the recommendations are aimed at boosting conservation, environmental protection and use of alternative fuels. Another 35 recommendations will boost fuel supplies and improve energy infrastructure. Also included in the plan are $10 billion in tax credits over 10 years for conservation and energy development.