The national
energy policy laid out by President Bush's task force seeks
to boost domestic production but also promote conservation,
and improve and expand what it says is an aging infrastructure
of powerplants, transmission lines and pipelines. The report
says 38,000 miles of new gas pipleines, 255,000 miles of distribution
lines, and between 1,300 and 1,900 new powerplants are needed
to meet projected demand.
According to an overview
released by the White House late on May 16, the report says
the country's main energy challenges are: "using energy
more wisely"; fixing and expanding infrastructure, including
refineries, pipelines and transmission lines; boosting energy
supply while not harming the environment; and promoting U.S.
energy security.
The plan also includes new tax
credits, estimated to cost$6.3 billion over 10 years, aimed
at boosting conservation or use of renewable fuels, a senior
administration official says. The largest of those credits,
estimated at $4 billion, would be for hybrid and fuel cell
vehicles. The report also recommends another $3.7 billion
in credits that Bush included in his fiscal 2002 budget proposal
earlier this year.
Senior officials said President
Bush would issue executive orders and other directives, including
one instructing agencies to expedite permits for pipelines
and other energy projects.
In a particularly controversial
provision, the report recommends opening "a small fraction"
of the Arctic National Wildlife Refuge to oil and gas exploration.
It also calls for studying the oil and gas potential on other
federal lands.
The release of the report, expected
May 17, kicks off what will be a lengthy legislative debate
on energy policy. Continued high prices for gasoline and California's
energy crisis will keep the issue near the top of the national
agenda. The report's recommendations face an uncertain future
on Capitol Hill, where congressional Democrats have urged
stronger positions than Bush's on conservation and have strongly
opposed opening ANWR.
Although the report carries
the clout of the Presidency, its impact will be limited on
such activities as siting powerplants and pipelines . Those
decisions rest in the hands of local officials and with utility
companies and their banks that would finance such projects.
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