State Codes and Statutes

Statutes > Kentucky > 152-00 > 710

Download pdf
Loading PDF...


Page 1 of 2 152.710 Legislative findings and determinations. The General Assembly finds and determines that: <br>(1) The United States currently imports almost sixty percent (60%) of its petroleum needs, and nearly half of these imports come from highly unstable regions and <br>countries. It is projected that this percentage will grow to over seventy percent <br>(70%) by 2025 unless the United States changes its policy on producing liquid <br>fuels; (2) Events in the Middle East, Africa, and South America, coupled with China's efforts to secure world oil reserves and production facilities, demonstrate that increasing <br>reliance on foreign sources of petroleum threatens the homeland security of the <br>United States. America's military is increasingly looking at the potential of alternate <br>liquid fuels produced from fossil energy resources or agricultural materials as a <br>reliable, secure source of fuel; (3) Petroleum imports are the single largest cause of the nation's negative balance of trade with the rest of the world and are a major cause of inflation and economic <br>slowdown; (4) Experts project that world oil prices will remain very high because production is at or near its peak while world demand for oil is increasing rapidly. This increase in <br>demand is due largely to economic growth in developing nations, especially China, <br>where oil demand grew by twenty percent (20%) in 2004 and is expected to grow by <br>a similar amount in 2005; (5) The price of crude oil is the major factor driving up prices for gasoline, as well as for oil used for home heating in addition to commercial and industrial purposes. <br>Natural gas for home heating and other purposes has been driven to record-high <br>prices as a result of supply constriction and increased demand from the industrial <br>sector; (6) Technologies have long existed for producing transportation fuels from indigenous fossil and biomass energy resources in the United States, and research has <br>demonstrated that coal-based alternate fuel technologies are cost-effective when the <br>world price of petroleum exceeds thirty-five dollars (&#36;35) per barrel; (7) The United States has trillions of tons of indigenous fossil energy resources and agricultural capacity that rival total worldwide conventional oil reserves. These <br>domestic resources are capable of producing alternate transportation fuels sufficient <br>to make the United States independent of foreign petroleum imports. Kentucky has <br>hundreds of years of fossil energy resources, and the Commonwealth's agriculture <br>produces substantial biomass materials for production of premium-quality liquid <br>transportation fuels; (8) The development of an alternate transportation fuels industry in the United States will create long-term reliable demand for Kentucky's energy and agricultural <br>resources, stabilizing both the energy industries and the agriculture community; (9) Coal-based alternate transportation fuel technologies are capable of producing environmentally superior transportation fuels from near-zero-emission plants with <br>removal or capture of virtually all pollutants, including sulfur dioxide, nitrous Page 2 of 2 oxides, mercury, and carbon dioxide, and from biomass-based technologies that are <br>very environmentally positive. The United States can set an example for the world <br>by implementing these technologies, and Kentucky is poised to lead the way; (10) Coal-based technologies in the United States are capable of producing pipeline-quality natural gas and industrial-quality natural gas at prices which are below <br>current annual market prices for natural gas; (11) Kentucky's universities have for several decades been among the leading entities in the United States doing research on transportation fuels from coal and oil shale. The <br>Kentucky Department of Agriculture has provided support relating to development <br>of transportation fuels from Kentucky agricultural materials; (12) Although developing an alternate fuels industry capable of reducing America's dependence on foreign sources of petroleum requires the large-scale financial and <br>technical resources of the federal government and private industry, only government <br>and industry in the states can ensure the most efficient and productive on-site <br>joining of technologies, energy resources, and industrial and transportation <br>infrastructure; (13) The economic, national security, and environmental advantages of establishing thriving domestic alternative liquid fuels and synthetic natural gas industries vastly <br>outweigh the development costs. In contrast, doing little or nothing subjects <br>America to continued and repeated energy supply disruptions and to potentially <br>severe economic consequences; (14) Embarking on a national mission to achieve energy security and move toward liquid and synthetic fuels independence will not only reduce risk and lower oil prices, <br>natural gas prices, and oil price volatility, it will also facilitate an industrial rebirth, <br>create jobs, foster new technology, and enhance economic growth; and (15) Kentucky, through its universities, has done the research and testing of these environmentally responsible alternative liquid fuel technologies. Kentucky has the <br>natural resources to be the leader in achieving energy security and independence for <br>the United States. Effective: July 12, 2006 <br>History: Created 2006 Ky. Acts ch. 184, sec. 1, effective July 12, 2006. <br>Legislative Research Commission Note (7/12/2006). 2006 Ky. Acts ch. 184, sec. 6 provides that KRS 152.710 to 152.725 and KRS 45A.615 shall be known as the <br>Kentucky Energy Security National Leadership Act.

State Codes and Statutes

Statutes > Kentucky > 152-00 > 710

Download pdf
Loading PDF...


Page 1 of 2 152.710 Legislative findings and determinations. The General Assembly finds and determines that: <br>(1) The United States currently imports almost sixty percent (60%) of its petroleum needs, and nearly half of these imports come from highly unstable regions and <br>countries. It is projected that this percentage will grow to over seventy percent <br>(70%) by 2025 unless the United States changes its policy on producing liquid <br>fuels; (2) Events in the Middle East, Africa, and South America, coupled with China's efforts to secure world oil reserves and production facilities, demonstrate that increasing <br>reliance on foreign sources of petroleum threatens the homeland security of the <br>United States. America's military is increasingly looking at the potential of alternate <br>liquid fuels produced from fossil energy resources or agricultural materials as a <br>reliable, secure source of fuel; (3) Petroleum imports are the single largest cause of the nation's negative balance of trade with the rest of the world and are a major cause of inflation and economic <br>slowdown; (4) Experts project that world oil prices will remain very high because production is at or near its peak while world demand for oil is increasing rapidly. This increase in <br>demand is due largely to economic growth in developing nations, especially China, <br>where oil demand grew by twenty percent (20%) in 2004 and is expected to grow by <br>a similar amount in 2005; (5) The price of crude oil is the major factor driving up prices for gasoline, as well as for oil used for home heating in addition to commercial and industrial purposes. <br>Natural gas for home heating and other purposes has been driven to record-high <br>prices as a result of supply constriction and increased demand from the industrial <br>sector; (6) Technologies have long existed for producing transportation fuels from indigenous fossil and biomass energy resources in the United States, and research has <br>demonstrated that coal-based alternate fuel technologies are cost-effective when the <br>world price of petroleum exceeds thirty-five dollars (&#36;35) per barrel; (7) The United States has trillions of tons of indigenous fossil energy resources and agricultural capacity that rival total worldwide conventional oil reserves. These <br>domestic resources are capable of producing alternate transportation fuels sufficient <br>to make the United States independent of foreign petroleum imports. Kentucky has <br>hundreds of years of fossil energy resources, and the Commonwealth's agriculture <br>produces substantial biomass materials for production of premium-quality liquid <br>transportation fuels; (8) The development of an alternate transportation fuels industry in the United States will create long-term reliable demand for Kentucky's energy and agricultural <br>resources, stabilizing both the energy industries and the agriculture community; (9) Coal-based alternate transportation fuel technologies are capable of producing environmentally superior transportation fuels from near-zero-emission plants with <br>removal or capture of virtually all pollutants, including sulfur dioxide, nitrous Page 2 of 2 oxides, mercury, and carbon dioxide, and from biomass-based technologies that are <br>very environmentally positive. The United States can set an example for the world <br>by implementing these technologies, and Kentucky is poised to lead the way; (10) Coal-based technologies in the United States are capable of producing pipeline-quality natural gas and industrial-quality natural gas at prices which are below <br>current annual market prices for natural gas; (11) Kentucky's universities have for several decades been among the leading entities in the United States doing research on transportation fuels from coal and oil shale. The <br>Kentucky Department of Agriculture has provided support relating to development <br>of transportation fuels from Kentucky agricultural materials; (12) Although developing an alternate fuels industry capable of reducing America's dependence on foreign sources of petroleum requires the large-scale financial and <br>technical resources of the federal government and private industry, only government <br>and industry in the states can ensure the most efficient and productive on-site <br>joining of technologies, energy resources, and industrial and transportation <br>infrastructure; (13) The economic, national security, and environmental advantages of establishing thriving domestic alternative liquid fuels and synthetic natural gas industries vastly <br>outweigh the development costs. In contrast, doing little or nothing subjects <br>America to continued and repeated energy supply disruptions and to potentially <br>severe economic consequences; (14) Embarking on a national mission to achieve energy security and move toward liquid and synthetic fuels independence will not only reduce risk and lower oil prices, <br>natural gas prices, and oil price volatility, it will also facilitate an industrial rebirth, <br>create jobs, foster new technology, and enhance economic growth; and (15) Kentucky, through its universities, has done the research and testing of these environmentally responsible alternative liquid fuel technologies. Kentucky has the <br>natural resources to be the leader in achieving energy security and independence for <br>the United States. Effective: July 12, 2006 <br>History: Created 2006 Ky. Acts ch. 184, sec. 1, effective July 12, 2006. <br>Legislative Research Commission Note (7/12/2006). 2006 Ky. Acts ch. 184, sec. 6 provides that KRS 152.710 to 152.725 and KRS 45A.615 shall be known as the <br>Kentucky Energy Security National Leadership Act.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 152-00 > 710

Download pdf
Loading PDF...


Page 1 of 2 152.710 Legislative findings and determinations. The General Assembly finds and determines that: <br>(1) The United States currently imports almost sixty percent (60%) of its petroleum needs, and nearly half of these imports come from highly unstable regions and <br>countries. It is projected that this percentage will grow to over seventy percent <br>(70%) by 2025 unless the United States changes its policy on producing liquid <br>fuels; (2) Events in the Middle East, Africa, and South America, coupled with China's efforts to secure world oil reserves and production facilities, demonstrate that increasing <br>reliance on foreign sources of petroleum threatens the homeland security of the <br>United States. America's military is increasingly looking at the potential of alternate <br>liquid fuels produced from fossil energy resources or agricultural materials as a <br>reliable, secure source of fuel; (3) Petroleum imports are the single largest cause of the nation's negative balance of trade with the rest of the world and are a major cause of inflation and economic <br>slowdown; (4) Experts project that world oil prices will remain very high because production is at or near its peak while world demand for oil is increasing rapidly. This increase in <br>demand is due largely to economic growth in developing nations, especially China, <br>where oil demand grew by twenty percent (20%) in 2004 and is expected to grow by <br>a similar amount in 2005; (5) The price of crude oil is the major factor driving up prices for gasoline, as well as for oil used for home heating in addition to commercial and industrial purposes. <br>Natural gas for home heating and other purposes has been driven to record-high <br>prices as a result of supply constriction and increased demand from the industrial <br>sector; (6) Technologies have long existed for producing transportation fuels from indigenous fossil and biomass energy resources in the United States, and research has <br>demonstrated that coal-based alternate fuel technologies are cost-effective when the <br>world price of petroleum exceeds thirty-five dollars (&#36;35) per barrel; (7) The United States has trillions of tons of indigenous fossil energy resources and agricultural capacity that rival total worldwide conventional oil reserves. These <br>domestic resources are capable of producing alternate transportation fuels sufficient <br>to make the United States independent of foreign petroleum imports. Kentucky has <br>hundreds of years of fossil energy resources, and the Commonwealth's agriculture <br>produces substantial biomass materials for production of premium-quality liquid <br>transportation fuels; (8) The development of an alternate transportation fuels industry in the United States will create long-term reliable demand for Kentucky's energy and agricultural <br>resources, stabilizing both the energy industries and the agriculture community; (9) Coal-based alternate transportation fuel technologies are capable of producing environmentally superior transportation fuels from near-zero-emission plants with <br>removal or capture of virtually all pollutants, including sulfur dioxide, nitrous Page 2 of 2 oxides, mercury, and carbon dioxide, and from biomass-based technologies that are <br>very environmentally positive. The United States can set an example for the world <br>by implementing these technologies, and Kentucky is poised to lead the way; (10) Coal-based technologies in the United States are capable of producing pipeline-quality natural gas and industrial-quality natural gas at prices which are below <br>current annual market prices for natural gas; (11) Kentucky's universities have for several decades been among the leading entities in the United States doing research on transportation fuels from coal and oil shale. The <br>Kentucky Department of Agriculture has provided support relating to development <br>of transportation fuels from Kentucky agricultural materials; (12) Although developing an alternate fuels industry capable of reducing America's dependence on foreign sources of petroleum requires the large-scale financial and <br>technical resources of the federal government and private industry, only government <br>and industry in the states can ensure the most efficient and productive on-site <br>joining of technologies, energy resources, and industrial and transportation <br>infrastructure; (13) The economic, national security, and environmental advantages of establishing thriving domestic alternative liquid fuels and synthetic natural gas industries vastly <br>outweigh the development costs. In contrast, doing little or nothing subjects <br>America to continued and repeated energy supply disruptions and to potentially <br>severe economic consequences; (14) Embarking on a national mission to achieve energy security and move toward liquid and synthetic fuels independence will not only reduce risk and lower oil prices, <br>natural gas prices, and oil price volatility, it will also facilitate an industrial rebirth, <br>create jobs, foster new technology, and enhance economic growth; and (15) Kentucky, through its universities, has done the research and testing of these environmentally responsible alternative liquid fuel technologies. Kentucky has the <br>natural resources to be the leader in achieving energy security and independence for <br>the United States. Effective: July 12, 2006 <br>History: Created 2006 Ky. Acts ch. 184, sec. 1, effective July 12, 2006. <br>Legislative Research Commission Note (7/12/2006). 2006 Ky. Acts ch. 184, sec. 6 provides that KRS 152.710 to 152.725 and KRS 45A.615 shall be known as the <br>Kentucky Energy Security National Leadership Act.