June 2004

Trends and Resources

HP Impact: US needs to increase gasoline supply, not raise taxes, says Rep

As gas prices continue to skyrocket, some in the US Senate have suggested that increasing gas taxes by 50 cents, and raising corporate average fuel economy (CAFE) standards would bring an end to the n..

Weirauch, Wendy, Hydrocarbon Processing Staff

As gas prices continue to skyrocket, some in the US Senate have suggested that increasing gas taxes by 50 cents, and raising corporate average fuel economy (CAFE) standards would bring an end to the nation's massive supply and demand imbalance. ?Raising the gas tax and increasing CAFE standards would not only throw Americans out of work and endanger the lives of drivers across our country, they would do nothing to reverse the crisis of supply,? said Resources Committee Chairman Richard W. Pombo (R-CA). ?Our country is in desperate need of a comprehensive energy plan that will save money for the American taxpayer, create good jobs and lessen our dependence on foreign oil, all while prot

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