[Congressional Record (Bound Edition), Volume 153 (2007), Part 2]
[Extensions of Remarks]
[Page 2331]
[From the U.S. Government Publishing Office, www.gpo.gov]




            LEGISLATION TO ADDRESS OUR NATION'S ENERGY NEEDS

                                 ______
                                 

                             HON. RON LEWIS

                              of kentucky

                    in the house of representatives

                      Wednesday, January 24, 2007

  Mr. LEWIS of Kentucky. Madam Speaker, I rise to inform my colleagues 
of legislation I have introduced today to address our Nation's energy 
needs through investment incentives for coal-to-liquid, CTL, 
technology.
  The legislation that I have proposed will expand the Alternative 
Fuels Excise Tax Credit to include CTL technology, allow for the 
expensing of equipment used in the CTL process, and allow for enhanced 
oil, natural gas, and coalbed methane recovery credits.
  My bill, identical to H.R. 5653 in the 109th Congress, has been 
supported by the Southern States Energy Board, a bipartisan, multi-
state consortium dedicated to enhancing economic development through 
innovations in energy and environmental policies.
  Our economic future and our national security now depend on unstable 
sources of foreign oil. Few realize the numerous possibilities for 
alternative oil and liquid transportation fuel production that lie 
right here within our borders. In fact, America has the world's largest 
alternative liquid fuels resource base of coal, biomass, and oil shale. 
Exciting technologies are now available to harness these resources in 
an environmentally responsible and economically rewarding way to 
substitute conventional oil use.
  I believe the incentives offered by an expanded Alternative Fuels 
Excise Tax Credit will foster an environment where this important 
technology can become a viable production option. I ask my colleagues 
to consider their support for this bill in an effort to ensure that all 
necessary tools are in place to achieve energy independence in the 
years ahead.

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