foreign oil

Wednesday, May 7, 2008                                                   Contact: Andrea Wuebker/Laena Fallon

GREGG COSPONSORS AMENDMENT TO REDUCE GAS PRICES AND DECREASE DEPENDENCE ON FOREIGN OIL

            WASHINGTON – U.S. Senator Judd Gregg (R-NH) has cosponsored an amendment to address rising gas prices and reduce America’s dependence on foreign sources of oil by expanding the focus of our nation’s energy policy to domestic production of both traditional and alternative energy sources. The American Energy Production Act of 2008, on which the amendment is based, will produce up to 24 billion barrels of oil domestically and expand our nation’s commitment to renewable sources and advanced energy technologies.  This amendment is pending on the flood insurance bill currently being considered by the Senate and has been scheduled for a vote by the full Senate on Monday, May 12, 2008.