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Lincoln, Pryor Unveil Bipartisan Plan to Reduce Energy Prices

Press Release

Location: Washington, DC

Lincoln, Pryor Unveil Bipartisan Plan to Reduce Energy Prices

U.S. Senators Blanche Lincoln and Mark Pryor (both D-Ark.) today unveiled a comprehensive bipartisan proposal to reduce gas prices, lessen our nation's dependence on foreign oil, and strengthen America's economy.

Lincoln and Pryor are part of a bipartisan energy coalition working with Senators Kent Conrad (D-N.D.), Saxby Chambliss (R-Ga.), Mary Landrieu (D-La.), Lindsey Graham (R-S.C.), Ben Nelson (D-Neb.), Johnny Isakson (R-Ga.), John Thune (R-S.D.), and Bob Corker (R-Tenn.).

"America's working families—particularly in rural states like Arkansas—are in desperate need of relief from high energy prices," Lincoln said. "There is no silver bullet that will solve the current energy crisis overnight. But today, we have a comprehensive proposal that will bring families relief now and help plan for the future."

"If we are to accomplish any type of relief at the pump for Arkansans and other families around the country, senators must talk to each other and not at each other about energy solutions," Pryor said. "This bipartisan forum serves as a place to exchange ideas, discuss them thoroughly and lay the groundwork for more production, conservation and energy efficiencies."

The comprehensive New Energy Reform Act of 2008 (the "New ERA") calls for a focused effort to transition the nation's motor vehicle fleets to fuels other than gasoline and diesel. To ease gas prices in the interim, the proposal includes significant conservation provisions, consumer tax credits, and responsible measures to increase domestic production of oil through responsible drilling.

The Senators are hopeful their compromise energy plan will generate a groundswell of support among the American people as well as their colleagues in Congress and lead to the development of comprehensive legislation to tackle the nation's energy crisis.

Earlier this week, the Senators welcomed the news that Senate leaders would adopt the group's proposal to convene next month a summit of energy experts in an effort to develop a plan for securing America's energy independence. The Senators first proposed the idea of a bipartisan energy summit in a letter to Senate leaders on June 26.

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