House+Bill+Number+2415

=** Affordable Gas Price Act **= toc

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[|You Tube Offshore Drilling Debate]

Current Movement in the House:
Referred to a committee

This bill plans to reduce the price of gasoline by allowing drilling offshore and in parts of Alaska. The Affordable Gas Price Act would destroy federal blocks(limits or guidelines) in investments of oil refineries and the building of oil refineries. This bill promotes free trade and if gases prices rise to an certain amount, it would interrupt or intervene and lower federal gas taxes. This legislative bill increases our amount of gasoline in our country, since it would allow oil refineries to drill offshore and in areas in Alaska.This bill protects the American people from high peaks in gas prices by suspending the federal gas tax whenever the nation wide average gas price goes over $3.00 per gallon. The Affordable Gas Price Act would also give protection to oil companies wanting to build new oil refineries in risk of lawsuits.

People affected by this bill:
Those affected by this bill include investors in oil companies, general public, the environment, the fishing industry, and the tourist industry. This bill affects investors in oil companies because their investments in the oil refineries would no longer be under strict federal control. If passed into law it would affect the general public by lowering the prices on the gas their buying. The fishing industry would be affected by this bill because if passed oil refineries offshore could harm fish and other aquatic life in the area of the refinery. This would affect how many fish fishermen could obtain. The tourist industry is affected by this bill because oil refineries are not the most attractive things, and no tourist wants to vacation on a beach with a oil refinery as it's view. As you can see in the picture at the bottom left this is what a beach view could look like if this bill were to be passed. The environment is affected by this bill because if passed this bill will take a toll on wildlife. Since oil refineries would be allowed offshore their pollution could kill ocean reefs and fish. If drilling in Alaska was permitted, animals would have to find new hunting ground and shelter, some plants would probably die if a refinery were to come in a new area of Alaska.

History of the Bill:
This bill was first made in reaction to the extremely high gas prices of the past year. This extreme rise in gas prices is the partial reason why we have been led into a recession. The price of gas rose so much because of conflicts in oil producing areas and supply and high demand of oil. A few months ago, bad weather and hurricanes caused a shortage of oil, as well as panic of shortage.Two Examples of these horrendous storms are Hurricane Ike and Hurricane Gustav(small damage to US refineries.) This caused a major rise in gas prices, crippling the American people. Bills were passed to try to limit how much gas stations charged for their gas, if they over charged the owner could be sent to court. However, these bills were not successful because this caused gas lines and shortages. Recently we have seen an amazing drop in gas prices, this is mostly the result of our devastated economy. If passed, the Affordable Gas Prices Act would still be very helpful, despite the recent dropping of gas prices. If gas prices were to ever spike again, this bill would protect the American people from the federal gas tax, thus lowering the price of gas.



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