President Bush Wants Refineries At Former Defense Bases, Help For Nuclear Industry - KLTV.com - Tyler, Longview, Jacksonville |ETX News

4/27/05

President Bush Wants Refineries At Former Defense Bases, Help For Nuclear Industry

 Sources say President Bush will deliver a speech today in which he will stress the importance of a diverse supply of energy.

To that end, the president will propose making closed military bases available for new oil refineries and spurring construction of new nuclear power plants.

There has not been a new commercial nuclear reactor ordered in the United States since 1973. Bush will call on the Energy Department to develop a federal "risk insurance" plan that would kick in if there were lengthy delays in licensing of a new commercial power reactor.

The White House acknowledges that none of the initiatives is expected to provide any short-term relief from soaring gasoline and oil prices. It will be Bush's second speech on energy within a week, reflecting the growing concern within the White House over the political fallout over high energy prices.

Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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