"And so I thought, well, that could be really cool in that you could have big oil versus alternative fuel, " he said.
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The money from rescinded oil and gas tax breaks would fund alternative and renewable fuel initiatives--and subsidies wouldn't be as generous in a stripped-down version of the bill.
Ironically, at the very moment that oil prices were at an historical high, the only alternative fuel available to keep gasoline prices from going even higher was facing an unstinting and ferocious attack.
This can be done by divesting the stocks of publicly traded companies that do business in Iran and by moving rapidly to exploit available alternative fuel and automotive technologies to diminish the role oil plays in powering this country's transportation sector and those of other nations around the world.
It also has its hand in oil sands, solar, fuel cells and a variety of other alternative energy initiatives worldwide.
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We must reduce our dependence on oil by requiring better vehicle fuel economy, and by increasing the use of alternative fuels and innovative transportation technology such as plug-in hybrids.
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And the disaster in the Gulf only underscores that even as we pursue domestic production to reduce our reliance on imported oil, our long-term security depends on the development of alternative sources of fuel and new transportation technologies.
And I think that tells you that the way to insulate ourselves, the way to insulate the American people from these kind of price shocks, is to increase our energy independence, to reduce our reliance on foreign oil, to increase our capacity for alternative energy production as well as traditional fossil fuel production.
Yet the only energy policy they support gives millions of dollars in tax breaks to oil companies to do more drilling and he has opposed every piece of federal legislation to explore alternative fuel sources.
As a major supplier of oil and natural gas, Russiawill play an increasingly vital role in American life as we search for alternative sources of fuel.
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