U.S. Senator Pete Domenici, R-New Mexico, Thursday introduced the "American Energy Production Act of 2008", aimed at dramatically increasing domestic production of oil and natural gas, as well as mandating the production of coal-to-liquid fuel in the United States.
Domenici, the ranking member of the Senate Energy & Natural Resources Committee, said, "The bill I'm introducing today will produce up to 24 billion barrels of oil through common sense measures to open up areas offshore and Alaska for exploration.
"It will also allow us to develop billions more barrels of fuel through oil shale and coal to liquids technology. The measure will go a long way toward helping us break the cycle of dependence on foreign sources of oil," he said.
Domenici seeks to expand U.S. domestic CTL, oil and gas production
