Remarks on Signing the Alternative Motor Fuels Act of 1988
Members of Congress and distinguished guests, good afternoon. We're here today
to sign into law an investment in
I'm particularly proud this afternoon because I remember more than 4 years ago, at a Cabinet meeting in January 1984, and I asked Vice President George Bush to launch a thorough investigation of alternative energy and see what he could find -- not pie-in-the-sky demonstration projects but real-world possibilities and realistic options that would help keep our air clean and our nation less dependent on foreign oil.
what's so exciting about the bill before us today: The forms of energy
encouraged by this bill are already in use. Methanol, for example, is used in
This legislation also opens up new markets for natural gas and coal, our two most plentiful energy resources in this country. The success of these projects could improve employment and the economies in the hard-pressed oil- and gas-producing areas of the country. This bill takes advantage of existing government programs and mechanisms to assist alternative fuels. Most important, it's not intended to create massive new bureaucracies or new taxpayer subsidies.
So, I thank you, and may God bless you all. And I'm now going to sign that bill into law.
Note: S. 1518, approved October 14, was assigned Public Law No. 100 - 494.