Bi-Partisan Legislation Looks to Ignite the Natural Gas Engine

Senators Robert Menendez (D-NJ) and Orrin Hatch (R-Utah) have sponsored the NAT GAS Act. This bill is aimed at giving natural gas the push it needs to become part of the cure for America’s oil addiction. Senator Reid (D-Nevada) is also an original co-sponsor.

“Each day, our nation consumes about 21 million barrels of oil- more than 25 percent of the world’s oil supply,” Reid said. And most of that oil comes from foreign soil. “With only 3 percent of the world’s oil reserves, we cannot produce our way to a safe and secure energy future,” Reid continued.

The new legislation would promote the use of natural gas over traditional oil by using tax credits. This legislation would, in effect, be an extension of the CLEAR Act – encouraging the growth of natural-gas infrastructures to go along with the current boom in hybrid-electric vehicles.