# Presentation: 867077

## American Energy for America’s Future

- A Town Hall Discussion
- With
- Congressman Jack
- Kingston

**Notes:**
Thank you for coming today.

I’d like to talk about energy today, and what I mean by energy is probably what most of you are interested – gas and gas prices!

## 25

**Notes:**
First, a few key numbers:

25% - we as a nation consume 25% of all the refined oil in the world.

We have only 4% of the world’s population and use 1⁄4 of the worlds oil

Over 20 million barrels of oil per day

We burn over 150 billion gallons of gasoline per year 
400 million gallons per day!

But...

## 3

**Notes:**
We have less than 3% of the known global oil reserves here in the U.S.

We can and should develop our own domestic oil resources in an environmentally safe manner but we will never be able to drill our way out of this problem alone.

Bottom-line – the dinosaurs died somewhere else

## 60

**Notes:**
So we are forced to import over 60% of the oil we need every day – over 12 million barrels every day!

And this number has doubled since the 1970’s OPEC oil embargo – when we only imported 30% of our oil

And our demand is still growing at an alarming rate along with the rest of the world – demand in from China and India is growing by over 1 million barrels per day every year.

As over 2 billion people get off of donkeys and bicycles and into cars and trucks – competition for oil supplies is driving the price up in the global market.

## Where’s the Oil?

## Slide 6

**Notes:**
As you can see from this chart -- a majority of the countries that have the oil either don’t like us, are unstable, or will probably start shifting some of our imports to feed China and India’s rapid growth and demand for more oil.

This is a major economic and security problem for the United States

For example: oil is the largest part of our trade deficit – much bigger than China!

In April 2006 – trade deficit with China was $17 billion – oil trade deficit was $23.8 billion

IN 2004 – the final trade deficit with China was $162 billion
The final trade deficit due to oil imports was $164 billion 
And over $75 billion of that deficit was due to OPEC nations

## The World According to Oil

**Notes:**
This is how the world looks if we think in terms of oil.
The big countries have a lot of oil – Saudi Arabia, Iraq, Iran, Venezuela

Look how small the U.S. is – with less than 3% -- and look how small our current main suppliers are – Canada and Mexico
The yellow and green countries use the most oil – with the US leading the way with 

As China and India turn from blue and green to yellow the worlds supplies will be severely pressured and prices will rise dramatically for everyone

Oil and Gas earns Saudi Arabia over $160 billion per year!

We borrow $1 billion every working day (Over $250 billion per year) to fund oil imports

This is major national security issue for us and is what people mean when they say “we are funding both sides in the war on terrorism”

Oil revenues fund Iranian nuclear weapons programs and Islamic terrorism throughout the Middle East – oil is our Achilles Heel

## Where is it going?

## Slide 9

## Slide 10

**Notes:**
Demand is going to continue growing at an alarming rate

This simple chart is the answer to the question – why are gasoline prices so high?

Answer – basic supply and demand – while short term issues like boutique blending requirements, MTBE phase out, and refining capacity, all put upward pressure on price – the reason that oil prices have risen to over $70 per barrel is because the world is demanding over 83 million barrels today and the world supply is only about 83 million barrels per day.  There is very little excess capacity in the supply so any disruption – like the tensions with Iran, the instability in Nigeria and Venezuela, or the hurricanes along the Gulf Coast last year, will push prices up very quickly.

## Slide 11

**Notes:**
While it is obvious demand will continue to grow, production will not.

## What are we doing with it?

## Slide 13

**Notes:**
Both here in the U.S., and around the world, about 2/3rds of oil is used for transportation fuel – gas for cars, diesel for trucks and ships, jet fuel for planes.

The Energy Information Administration’s projections for end usage of oil shows that transportation sector’s fuel use will grow at a steady and constant rate. 

The U.S. consumes about 400 million gallons of gasoline per day – over 150 billion gallons per year
Here’s how we use oil in the U.S.

What this means is that every single drop of oil we burn in the form of gasoline or diesel in our cars, trucks, tractors and planes needs to be imported every single day – that’s what the President meant when he said we are “addicted to oil” and that’s what I mean when I say we have to break our dependence on foreign oil.

This chart really puts into perspective the challenge we face and why some of the ideas I want to talk to you about are so important.

68% of the oil in the U.S. is used to fuel our cars and trucks – and this is from 2003.

And still today – our cars and trucks are over 98% dependent on oil for fuel – 

Our challenge is not so much about what we drive but about what kinds of fuel we put in what we drive –

We need to develop new fuel choices for our cars and trucks – that’s what I mean by American Energy for America’s Future

## What are we doing about it?

## World Oil Market and Oil Price Chronologies:1970 - 2004 

**Notes:**
You can see here the historical demand for oil 
(you can point out a few key dates - there is a separate document that has this chart and the what the numbers mean – for example:
23. First major fighting in Iran-Iraq War 
24. President Reagan abolishes remaining price and allocation controls 
25. Spot prices dominate official OPEC prices 
26. US boycotts Libyan crude; OPEC plans 18 million b/d output 
27. Syria cuts off Iraqi pipeline

43. Operation Desert Storm begins; 17.3 million barrels of SPR crude oil sales is awarded 

62.  Oil prices decline sharply following the September 11, 2001 terrorist attacks on the United States, largely on increased fears of a sharper worldwide economic downturn (and therefore sharply lower oil demand).  Prices then increase on oil production cuts by OPEC and non-OPEC at the beginning of 2002, plus unrest in the Middle East and the possibility of renewed conflict with Iraq. 
63. OPEC oil production cuts, unrest in Venezuela, and rising tension in the Middle East contribute to a significant increase in oil prices between January and June. 

#19: wants to know more about the windfall profit tax:
WPT - in 1979 Carter asked for Congress to pass a Windfall Profits tax, and after considerable wrangling, Congress agreed, and on April 2, 1980, Carter signed the WPT into law. It imposed an excise levy on domestic oil production, taxing the difference between the market price of oil and a predetermined base price. The results were the opposite of what was intended. The first adverse result was that oil companies reduced their U.S. domestic production by 1.5 million barrels a day, or by almost 6%. Exploration for new supplies slowed because the tax, by design, snatched as much as a third of the profit from these investments. The second adverse effect was that since domestic oil production was taxed, the price of domestic oil went up and an incentive to import more oil was created.  In the end, in 1988 Congress agreed to repeal the tax – at the urging of the American public, industry and most importantly President Regan – which also answers the next question.  

#24: this brought prices down, wants to know more about it - solid GOP stuff! The reason prices started going down here is because this is when the WPT was repealed.  At the same time the WPT was repealed by Congress, Regan abolishes remaining price and allocation controls therefore ‘freeing’ the oil market – just like a good ole’ republican to push for a free market system – see how much the prices when up!

## Slide 16

**Notes:**
I think when discussing a windfall profits tax on the energy companies we need to put it in perspective and compare oil profits to those of other industries.

When comparing the profitability of various industries and companies on the basis of profit margin, it should be calculated by dividing net income (profit) by total sales and other revenues. 
For example, a software company that clears $90 million in net income on product sales of $1 billion would earn a profit margin of 9 percent or 9 cents on each dollar of sales. 
Traditionally, oil companies have trailed many other industries in this measure of profitability. As you can see from this slide, the profit margin of energy companies was slightly above that of all industry in 2005. 
However, the industry's profitability remained below the profit margins of other industries such as banking, pharmaceuticals, real estate, and household and personal products. 

Specifically...

## How Oil Company Profits Compare to Other Business Profits in 2006

**How Oil Company Profits Compare to Other Business Profits in 2006**

- 0      2        4         6         8        10	  12     14     16     18   20   22    24    26    28    30

**Conoco Phillips (6.9%)**

**Starbucks (7.8%)**

**BP (8.4 %)**

**Disney (8.9 %)**

**Exxon Mobil (9.4 %)**

**McDonald’s (12 %)**

**Pfizer (23.5 %)**

**Microsoft (31.6 %)**

- Sources: USAToday, Reuters & Yahoo Finance

**Notes:**
How much is excessive?  5%?  10%?  20%?

As you can see from this chart, oil company profit margins are between 7% and 10%...

Here is the breakdown from smallest profit to largest:

6.9% - Conoco Phillips
7.8% - Starbucks
8.4% - BP
8.9% - Disney 
9.4% - Exxon Mobil
12% - McDonalds
23.5% - Pfizer
31.6% - Microsoft

## Slide 18

**Notes:**
CAFE is currently set at 27.5 mpg for cars and 21.6 mpg for light trucks (but Bush action will take truck CAFÉ to 24 mpg by 2011)
But industry car fleet average is already 29.7 mpg – it has surpassed the current standard.

I think everyone agrees that higher fuel economy standards are a good thing for the most part but when doing that you must consider the economic impact of setting the standards too high.

President Bush deserves credit for recently imposing the first reformed CAFÉ standards on SUV’s .  We are working in Congress right now to reform the CAFÉ standards for cars that were set over 20 years ago!  On average cars in America today get higher mileage than is required by CAFÉ.  We need to reform the system but we need to allow sound science and economics drive the CAFÉ process not politics and wishful thinking 

Any CAFE bill in Congress ends up becoming a battleground for the auto manufactures and the environmental community – and rightly so because each group is just looking out for their employees or their community.

The same with any bills that increase domestic drilling – I’m all for developing ANWR and increasing domestic exploration in certain areas of the US, but as this chart shows – we will not be able to drill or conserve our  way out of this problem alone

SO...

## What has Congress done?

**Notes:**
ANWR
Since 1995, the House has passed 5 bills that would allow for oil exploration in ANWR.
Since 1991, the Senate has failed 6 times to pass ANWR legislation.
In 1995, when both the House and Senate were able to pass ANWR through a Budget Reconciliation Bill, President Clinton vetoed the bill when it came to his desk. 
Although estimates addressing how much oil is actually in ANWR varies, the US Energy Information Administration works with a mean number of 10.4 billion barrels worth of technically recoverable resources.  ANWR is projected to produce 1 million barrels a day – that’s more than we import from Iraq!

Deep Ocean Exploration
History
Oil and gas leasing has been prohibited on most of the outer continental shelf (OCS) since the 1980s. Congress has enacted OCS leasing moratoria for each of fiscal years 1982-2006 in the annual Interior and Related Agencies Appropriations bill (now the Interior and Environment and Related Agencies Appropriations bill), allowing leasing only in the Gulf of Mexico (except near Florida) and parts of Alaska. 
In June, the House passed the DOER (Deep Ocean Energy Resources) Act which gives coastal states the choice to allow or ban OCS drilling within 100 miles of their shoreline. If a state chooses to allow energy production, the state will benefit from increased revenue from shared royalties.
The Department of Interior’s Minerals Management Service estimates that the Outer Continental Shelf contains 85 billion barrels of crude oil and 419 trillion cubic feet of natural gas. Of this, it’s estimated that 21 to 41 billion barrels of crude oil and 94 trillion to 164 trillion cubic feet of natural gas lie in areas where production is currently banned.

The House has also passed bills to encourage expansion of our oil refineries.  We have not built a refinery in this country in over 30 years.  

But as I’ve said before this is not an issue we can drill or carpool our way out of...

## What can we do now?

**Notes:**
One of my biggest priorities in 2006 will be my Fuel Choices for American Security Act.

I want to reduce the nation’s oil consumption by 2.5 million barrels of oil a day by 2015 and by 5 million barrels a day by 2025.
I know it is possible and my bill sets attainable goals and guidelines.

Our top priority needs to be bringing fuel choices to America’s drivers.

Right now over 200 million cars drive over 7 billion miles per day burning over 400 million gallons of gasoline per day

## Slide 21

**Notes:**
I believe that a few of the answers are sitting right outside -- bring new, American, renewable, and clean fuel choices to the American driver

Alternative Fuel Vehicles that replace gasoline with biofuels like Ethanol made from corn, sugar, grass or pine chips, 

In Brazil, by law, all gasoline contains a minimum of 25 percent alcohol. Yet ethanol is so popular it actually accounts for 40 percent of all vehicle fuel.
By 2007, 100 percent of all new Brazilian cars may be able to run on 100 percent ethanol. Brazilian sugar-cane-fed biorefineries will be capable of producing sufficient ethanol to allow the entire fleet, new and old cars alike, to do so.

## Slide 22

**Notes:**
There is also biodiesel that can be made from things like soybeans or chicken fat.

Biodiesel can be used as a pure fuel or blended with petroleum in any percentage. B5, a blend of 5% Biodiesel and 95% by volume of petroleum diesel has shown improvements in performance, enhanced lubricity and some reduction in emissions. A blend of 20 percent by volume Biodiesel with 80 percent by volume petroleum diesel called B20, has demonstrated significant environmental benefits with a minimum increase in cost. 

Singer Willie Nelson has his own brand of Bio Diesel – Bio Willie – which is a B20 blend.

Bio Willie fuel is currently available in 6 states and wouldn’t you know that Georgia is one of those states - You can buy Bio Willie Fuel at Z-way Truck Stop in Waycross

We also have a large showing of biodiesel production in GA – in particular U.S Biofuels run by Greg Hopkins in Rome.  
He has 2 facilities in operation in Rome that produce well over 2 million gallons of biodiesel made from chicken fat per year – he is currently looking for a location somewhere in Southwest GA for another plant.
He sells is product to jobbers who in turn contract with cities, public pumps and fleet users – GA Power is by far the biggest customer.

GA Power used 730,980 gallons of B20 blend biodiesel in 2005 and they will use approximately the same amount in 2006. 
They plan  to increase the use of biodiesel as the production increases in Georgia, and as the price rivals that of regular diesel fuel. 
GA Power is  also one of the largest users of E85 Ethanol in Georgia. They are currently using between 15,000 and 20,000 gallons a year, and are in the process of expanding the use of ethanol in Macon by working with Middle Georgia Clean Cities and some station owners to see if they can add some public E85 Ethanol fueling sites in and around Macon.

## Methanol fueled Indy 500 race car

**Methanol fueled Indy 500 race car**

**Notes:**
Since 1965, methanol has been the only racing fuel used by the Indianapolis 500 and this was in part due to the fact that methanol is not as explosive as gasoline.  But for the first time in the race’s 95-year history, cars in the Indy 500 are burning a fuel that is 10 percent ethanol and 90 percent methanol.

There are ten operating methanol plants in the United States, with a combined
production capacity of nearly 1.3 billion gallons.

Global methanol production capacity stands at about 12 billion gallons.

Total U.S. demand for methanol is over 2 billion gallons, with imports from Trinidad, Chile, Venezuela, Equatorial Guinea and Canada making up the remaining supply.

The U.S. methanol industry generates $4.7 billion in economic activities each year, while creating over 10,000 direct and indirect jobs.

Methanol can be used directly as a replacement for gasoline or diesel fuel in vehicles. 
Light-duty vehicles would typically use “M85” (a blend of 85% methanol and 15% unleaded gasoline), while heavy-duty vehicles can use “M100” (or neat methanol). 
In the 1980s and 1990s nearly 20,000 methanol “flexible fuel vehicles” or FFVs (capable of running on M85, gasoline, or any combination of the two fuels) were built by the automakers.  Also, hundreds of methanol fuel buses were placed in service. 
Because methanol has a lower energy content than gasoline, it takes 1.65 gallons of M85 to provide the same amount of energy or range as in one gallon of gasoline.  However, methanol’s octane rating is higher, which gives better performance and acceleration.
Today, methanol-fueled consumer vehicles are largely unavailable on the market. Methanol is still used as a fuel for INDY race cars, monster trucks, go-carts, and model planes, boats and cars.

## Slide 24

**Notes:**
Another option which is also available today – is hybrid technology that uses electricity to supplement the gasoline in powering the car.

There are over 280 thousand hybrids on the road today, including 4,639 in Georgia

This slide shows a Ford Hybrid Escape with a shot of the drive train that has a  330-volt nickel-metal-hydride battery pack located and sealed beneath the rear load floor serves as the electric powertrain system's "gas tank." 

If we can bring real fuel choices to consumers we will accomplish several important goals:

We will expand the fuels available to consumers and decrease our dependence on oil
2. This will decrease the pressure to important oil from unstable parts of the world making us more secure
3. This will help grow the American economy by leading the world in new energy technologies
4. This will grow the rural economies in America with new products for farmers to grow and new investment in good jobs across rural America
5. And this will help clean the environment because every single one of these new technologies is cleaner than burning oil 

## All you need is an extension cord...

**All you need is an extension cord...**

## Petroleum Displacement

**Petroleum Displacement**

**Annual Gasoline Savings of 477 Gallons/Year***(Assumes 11,000 miles/year*)*

- E85 FFV on Gasoline16 mpg*(EPA Adjusted Combined)*

- E85 FFV on E8512 mpg*(EPA Adjusted Combined)*

** Personal Transportation Study - Oak Ridge Nat. Lab Data Book*

**Notes:**
As I said earlier, Flexible Fuel Vehicles can run on gasoline or several blends of fuel like E-85 (85 percent ethanol and 15 percent gas) or M-85 Methanol (85 percent Methanol).  This technology is readily available and cheap – about $150 per car!

You may even be driving one of these cars right now and not even know it!  -- There are currently 3.8 million flexible fuel vehicles on the road today including 138,239 in the State of Georgia! 

A consumer who fuels a light truck FFV with E85 instead of gasoline will save about 477 gallons of gasoline per year.

While the light truck clearly uses more energy overall, the larger petroleum displacement potential is very real.

This example shows how powerful bio-fuels can be as a tool for reducing petroleum dependence.

## Petroleum Displacement

**Petroleum Displacement**

**Annual Gasoline Savings of 94 Gallons/Year***(Assumes 11,000 miles/year*)*

- Compact Car 34 mpg*(EPA Adjusted Combined)*

- Hybrid Compact Car48 mpg*(EPA Adjusted Combined)*

** Personal Transportation Study - Oak Ridge Nat. Lab Data Book*

**Notes:**
With regard to hybrids . . . the use of a hybrid compact car in place of a compact car of the same model with a traditional high efficiency powertrain saves about 94 gallons of gasoline per year . . . If they drive 11,000 miles per year. 
 . . . 

##                                    ’07 Tahoe - Gasoline                    ’07 Tahoe – E85               ’06 Prius – Hybrid

-                                    **’****07 Tahoe - Gasoline                    ’07 Tahoe – E85               ’06 Prius – Hybrid**

- MPG (Fuel)                         21 MPG                        17 MPG                  55 MPG
- MPG (Gasoline)                  21 MPG                      113 MPG                  55 MPG
- Memo:
- Miles per Tank                 550 miles                       460 miles               660 miles
- of Fuel                                21 MPG                        17 MPG                  55 MPG
- E85 Fuel – up to 20% shorter cruising range

**Who actually gets better MPG of Gasoline?  The new Tahoe or the Prius?**

**Notes:**
As you can see from this comparison – both hybrids and flex fuel vehicles are good – but when it comes to freeing us form our dependence on oil the power that comes from “oil displacement” is dramatic.

A full size Tahoe for example can get over 100 miles per gallon of gasoline running on E-85 –more than twice the oil savings of a Prius.  Ethanol-85 fuel gets 20% less mileage but uses 85% less oil.  As long as it costs 20% less than regular gas it makes a lot of sense. 

The next step is to combine these technologies:

A flexible fuel vehicle that combines hybrid technology and can “plug in” to a regular electric outlet to recharge can achieve hundreds of miles per gallon of “gasoline” and drive for weeks without a visit to the gas station!

Ford recently announced the first flexible fuel hybrid Escape – and I recently drove one of the first “plug in” hybrids that can go 20 miles with any gasoline at all and then achieve over 100 miles per gallon after that! 

## There are over 46 models (1 million vehicles) of flexible fuel, hybrid and advanced diesel cars and trucks available right now!

**There are over 46 models (1 million vehicles) of flexible fuel, hybrid and advanced diesel cars and trucks available right now!**
**2 million cars per year by 2008!**

**Notes:**
In 2000, there were only 11 models available

Now there are 46, including 21 fully flexible fuel models

There are 35 more models in development

There are over 8 million on the road today – 3.6 million diesel, 3.8 million flex fuel, 280k hybrid
In Georgia there are 238, 872 – 95,994 diesel, 138,239 flex fuel and 4,639 hybrids

Congress has helped – the consumer tax credit for the purchase of a hybrid is:

Based on car model, weight and efficiency by – for cars bought between 2006-2010
The credit for a Ford Escape is $2,600
For a Toyota Prius it’s $3,150
For a Silverado it’s only $250 (since most of the electricity is used for more power not better mileage)  

## E85 Fueling Facilities

**E85 Fueling Facilities**

**Notes:**
There are over 170,000 gas stations in American and only about 695 that offer E85 across the U.S. – and even this map is a little misleading because not all of the stations are open to the public.  

While there are over 200 E-85 stations in Minnesota, there are only 3 stations in Georgia that offer or are in the process of revamping so they can offer E85.

I know that there is an E85 pump in Albany at the Marine Corps Logistic base, but not for public use.  There are also some places that are available for commercial fleet use.
This is something that we need to work on – we need to bring these fuel choices to the consumer – it doesn't do any good to have the car but not be able to fuel it with alternatives to gasoline.

There are several ventures in GA to begin making ethanol and once some of these are up and running we will start seeing more stations that will offer E85.

In Camilla, Ga., First United Ethanol LLC, a group made up primarily of agri-businessmen from southwest Georgia, is raising $132 million for a plant that would produce 100 million gallons of ethanol a year.  These folks started with 13 board and 20 advisory board members that put up the initial private seed capital of $1.2 million for the feasibility studies and the equity drive. 22 of the 33 are farmers. They currently have about 700 investors and have raised almost 60 million in equity and they expect the commitment letter from our lender within the next two weeks.

I look forward to continuing to work with FUEL and others venturing into the ethanol production world in order to provide South GA fuel choices. 

Last year Congress double the amount of Ethanol required nationwide to 7.6 billion gallons per year by 2012 – but even that is a tiny amount of the 150 billion gallons of gasoline we use every year.

Currently there are around 100 Ethanol Refineries producing 4.5 billion gallons per year

Since we passed HR 6 (Energy Policy Act) – 35 new Ethanol Plants are under construction to add 2.2 billion gallons of capacity

## Slide 31

**Notes:**
Average Price about $1.50 over 10 years
Short term shortages caused by MTBE phase out are causing price spike today
Brazilian Ethanol made from sugar can be sold for about 70 cents/gallon – then we tax it 51 cents/gallon!  We don’t tax oil why do we tax Ethanol?

## Fuel Choices for American Security ActH.R. 4409

**Notes:**
A bi-partisan effort – with Elliot Engel from New York – Senator Brownback from Kansas, Senator Lieberman from Connecticut

My bill, HR 4409, now has 86 co sponsors (36 Ds & 50 Rs) in the House – that’s more than any other energy bill out there right now) and our companion bill in the Senate, S. 2025, has 27 co sponsors (19 Ds & 8 Rs).

I’d especially like to thank the SET America Free Coalition partners for their expertise and tireless efforts to help with the bill.

## Double the tax credit for consumers who purchase the most advanced available flexible fuel hybrid electric vehicles that dramatically reduce oil consumption

Remove the 60,000 vehicle cap on the hybrid tax credit to encourage broad market penetration

Add new $300 tax credit to speed introduction of flexible fuel vehicles

Establish 5 year goal for market wide flexible fuel vehicle introduction-- similar to earlier airbag introduction

Establish a program to test and inform consumers about tire fuel efficiency which can improve overall vehicle efficiency by 3-4%

**Remove the 60,000 vehicle cap on the hybrid tax credit to encourage broad market penetration**
**Add new $300 tax credit to speed introduction of flexible fuel vehicles**
**Establish 5 year goal for market wide flexible fuel vehicle introduction-- similar to earlier airbag introduction**
**Establish a program to test and inform consumers about tire fuel efficiency which can improve overall vehicle efficiency by 3-4%**

**Provide Incentives for Vehicle Choices for the 21st Century**

## Establish programs and incentives to encourage research and production of near term vehicle efficiency technologies, lightweight materials, and advanced technology motor vehicles  

**Provide incentives and requirements for the conversion of private and federal vehicle fleets**
**Establish a program of initial fuel efficiency for new heavy duty trucks and incentives to install auxiliary power units to reduce truck idling**
**Encourage similar efforts to reduce school bus idling**
**Reform CAFÉ standards to focus on miles per gallon of gasoline instead of miles per gallon of fuel – flexible fuel vehicles can already reach over 100 miles per gallon of gasoline by using E-85 fuels **

## Expand Consumer Fuel Choices for the 21st Century

**Set a national goal “E10 in 10” – to expand the use of Ethanol for transportation fuel to 10% of total domestic consumption by 2015. **
**Set a national goal of “20% in 20 years” – to expand the use of all alternative transportation fuels to 20% of domestic consumption by 2025; which might include Ethanol produced from corn, sugar and other cellulosic agricultural products and waste products, Methanol and alternative diesel fuel produced from coal or agricultural products, Hydrogen or electricity**
**Require plan to meet goals of not less than 50% renewable and 50% domestic resources**

## Remove all tariffs on imported ethanol used for liquid transportation fuel – we don’t tax Middle Eastern oil why tax Brazilian Ethanol?

**Provide incentives to continue research and industrialize new technologies which will bring fuel choice to the consumer**
**Increase incentives to provide alternative fueling distribution properties.**

## The End

**The End**

**Notes:**
Now lets head to the parking lot and see the real things!