Monday, June 9, 2008

H.R.2415 - "Affordable Gas Price Act"

With gas prices skyrocketing, please take a few minutes and urge your congress man / or woman to be a c0-sponsor of this helpful bill in the House.

Support H.R. 2415 -- A Free Market Solution for "Gas Gone Wild"

  • House bill H.R. 2415, short-titled the "Affordable Gas Price Act," introduced by Rep. Ron Paul on May 21, 2007, purportedly would reduce the price of gasoline by:
  • Allowing for offshore drilling in areas previously forbidden.
    Eliminating Federal obstacles to constructing refineries and providing incentives for investment in refineries.
  • Suspending Federal fuel taxes when gasoline prices reach a benchmark amount.
  • Promoting free trade with oil producing countries that outdated policies have prevented.

H.R. 2415 is a compilation of proposals for a free market approach to dealing with America's gasoline crisis. The bill deserves cosponsorship support so that it will receive committee action.

Sec. 9 of H.R. 2415 calls for the U.S. Treasury and the Federal Reserve to produce a report on the relationship between the increase in our fiat money supply and the rise in the price of oil. Such a report would be vital in assessing the federal government's responsibility for rising prices.

Inflationary Federal Reserve policy encourages speculation that drives oil prices higher than a tightening supply alone.
Ask your congressman to cosponsor H.R. 2415 and help get this bill out of committee and to the House floor for a vote.

To take action on H.R. 2415 and the following bill click here:

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