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Ready-to-Tweet: Recent Actions to Reduce the Burden of Gas Prices

March 15th, 2012

by

Increasingly, important and complicated policy debates in Washington are being reduced to sound bites or even tweets. The debate over skyrocketing gas prices is no exception. As we outlined in a recent memo, there is not much that can be done to reduce the immediate impact of high gas prices. There is, however, a lot that can be done to kick the oil habit once and for all over the long-term. We’ve included a list of steps the government has taken over the last three years below, in a handy Tweet-able format.

Kicking the Oil Habit with Alternative Fuels

The US SuperTruck program will save trucks $15,000 in fuel costs every year http://tinyurl.com/7j4vesb

Increased tax breaks to families and companies that buy alternative fuel vehicles up to $10000 from last year’s $7500 http://tiny.cc/min4aw

Feds getting off of oil: By 2015, 100% of government vehicles to run on alternative fuels http://tiny.cc/3en4aw

Save money at the pump, go electric: Feds and private sector to develop car battery that’s ½ price, 300 miles/charge http://tiny.cc/cln4aw

4 commercial biorefineries are 1 year ahead of schedule. Will produce nearly 100 million gallons of biofuels/year http://tinyurl.com/8xkhu52

Recovery Act grant recipients purchased 1,286 buses and vans powered by clean tech like biodiesel and natural gas http://tiny.cc/0qn4aw

Increasing Domestic Oil and Gas Production

Domestic oil production has increased every year President Obama has been in office http://tinyurl.com/7reblq8

Since 2009, the United States has been the world’s leading producer of natural gas http://tiny.cc/u1n4aw

Currently, the U.S. has a record number of oil and gas rigs operating – more than the rest of the world combined http://tiny.cc/p9n4aw

We have already cut net imports of oil and gas by ten percent – 1 million barrels a day – in the last year alone http://tinyurl.com/8ywheaw

Last year the US was a net exporter of refined petroleum products for the first time in sixty years http://tiny.cc/jco4aw

In 2008, US imported 11 million barrels of oil/day. By end of last year, that number fell to 8.4 million barrels/day http://tiny.cc/oeo4aw

Natural Gas STAR Program encourages companies to adopt safe practices and technologies to reduce methane emissions http://tiny.cc/kjo4aw

Natural Gas STAR partners reported domestic emissions reductions of 86 Bcf, worth over $421 million, in 2009 http://tinyurl.com/2bnwwk

Rapid development of oil and gas spurred by shorter lease terms http://tinyurl.com/6rj73so

The Administration has tied lease-extensions for oil and gas to lessee investment in exploration and development http://tinyurl.com/5ubvep8

New Admin proposal would reward rapid development of oil and natural gas through new royalty structures http://tinyurl.com/769qbup

Increasing Fuel Efficiency

Higher fuel standards mean filling up less often – by middle of next decade cars will average almost 55 miles/gallon http://tiny.cc/lno4aw

The Obama Administration has put in place the first-ever fuel economy standards for heavy-duty trucks http://tiny.cc/mqo4aw

New CAFE standards for passenger vehicles will save drivers more than $8000 in fuel costs http://tiny.cc/iso4aw

Heavy duty fuel economy standards will reduce oil consumption by over 500 million barrels http://tiny.cc/ruo4aw